Notwithstanding any other provision of this chapter, any regulations promulgated by the Secretary concerning the relationship between clock hours and semester, trimester, or quarter hours in calculating
student grant, loan, or work assistance under this subchapter and part C of subchapter I of chapter
34 of title
42, shall not apply to a public or private
nonprofit">
nonprofit hospital-based
school of nursing that awards a diploma at the completion of the schools program of education.