Sec. 4. A state educational institution is not required to do the following:
(1) Allow a senior citizen to enroll in a degree granting program, unless the senior citizen meets the admission standards of the institution.
(2) Permit the full-time equivalent enrollment of senior citizens for whom tuition has been waived to exceed two percent (2%) of the institution's undergraduate full-time equivalent enrollment.
(3) Waive a senior citizen's tuition for more than the equivalent of nine (9) semester hours per semester.
(4) Waive fees for self-supporting programs, applications, registration, or laboratory work.