Sentence:  `` When and if it can do so without jeopardizing constitutional and statutory tax-exemption privileges essential to the maintenance of its educational program and facilities , Emory University will consider applications of persons desiring to <WSD>study</WSD> or work at the University without regard to race , color or creed , continuing university policy that all applications shall be considered on the basis of intellectual and moral standards and other criteria designed to assure the orderly and effective conduct of the university and the fulfillment of its mission as an institution of Christian higher education '' . 
Meaning of the word marked with <WSD> tags:  be a student; follow a course of study; be enrolled at an institute of learning