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Why do some organizations have .edu domain names even though they do not meet the eligibility requirements?

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Why do some organizations have .edu domain names even though they do not meet the eligibility requirements?

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The Cooperative Agreement between EDUCAUSE and the U.S. Department of Commerce specifies that all .edu names in existence as of October 29, 2001 are “grandfathered”, regardless of current or past eligibility requirements.

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