Only US postsecondary institutions institutionally accredited by one of the agencies on the U.S. Department of Education's list of Nationally Recognized Accrediting Agencies may apply for new names in the .edu domain. These include both "Regional Institutional Accrediting Agencies" and "National Institutional and Specialized Accrediting Bodies" recognized by the U.S. Department of Education.
Terms & conditions:
https://net.educause.edu/eligibility.htm