https://www.extrapointsmb.com/p/this-is-...looks-like

This is what an FBS reclassification application looks like
We FOIAed Sacramento State's formal application so we could understand what the process actually requires.

Interesting stuff in there. Including that you must pay the full $5m application via wire transfer by June 1, and it doesn't guarantee that your application will be accepted. ie, don't apply unless you know ahead of time you'll be accepted, unless you have $5m that you won't miss.