Admissions Policy. An in-State institution's admissions policy shall be related to the objectives and resources of the institution, and clearly stated. An in-State institution that maintains an open-door policy shall make adequate provision for placement testing, counseling, and compensatory services. There shall be a demonstrable correlation between admissions policies and educational practices. Because the admissions policy affects all aspects of institutional planning, funding, and staffing, an institution shall carefully plan the admissions policy to determine whether it is serving the needs and interests of its students, or how it could be doing so more effectively. The admissions policy shall be nondiscriminatory, and in compliance with all State and federal laws with regard to nondiscrimination. Individuals to Be Admitted. A student admitted to an in-State institution shall: Be a graduate of a high school accredited either by its own state department of education or by a regional accrediting association recognized by the United States Department of Education; or Have received a high school equivalency certificate or a high school equivalency diploma. Notwithstanding §B(1) of this regulation, an institution may admit to college level courses and programs individuals who present evidence, through testing or other means, of the ability to profit from the instruction. In making decisions about the potential of these individuals to complete a course or courses, or programs, the institution may consider previous formal education, equivalency of other learning by examination, and competencies gained through practical experience, maturity, or other appropriate criteria. In those instances when a student has been admitted under exceptions to existing institutional policies, the in-State institution shall retain an explanation of those exceptions and a record of the student's academic success in collegiate credit-bearing courses. The receiving institution shall limit the credit earned in or transferred from an associate degree-granting institution to approximately 1/2 the baccalaureate degree program requirement, not to exceed 70 credits. The receiving institution shall limit these transferred credits to the first 2 years of the undergraduate educational experience.