Online Higher Education

I am researching starting an online University. My home state, Pennsylvania, has very strict requirements regarding degree granting institutions (minimum $500,000 endowment + 8 full time faculty). Since this will be Internet based distance learning I am interested in incorporating in another state. I have several questions that I have not been able to answer?

1) How can I make sure I know all the laws and regulations relating to higher eduction of the state that I incorporate in?

2) If I have administraive offices in Boston Mass. (PA is just too strict) but all education takes place online and the corporation is formed in another state, what official approval, if any, is required from authorities in Mass. to grant degrees?

I am a law school graduate. What I offer is mere information, not to be construed as forming an attorney client relationship.

Here are some possible sites for you to look at:
http://www.chea.org/Commentary/distance-learning-3.cfm
http://members.tripod.com/~lepine/