This statement is off this very interesing site of information. It must refer to their religious exemption. http://www.conservative.edu/ctscatalog/Generalinformation/017-018-019.htm
Did I miss "ONE" or is this another case of a school giving ThD/PhDs in Bib/Theo when there is no- [ as if having just one or two would be enough]- faculty with RA/GAAP PhD/ThDs?? The one with the ThD from LS, even were it in Bib/Theo, not ministry, of course, is not accredited as LS never gave an accredited ThD!