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draft eligibility?

I know that when a player enrolls and plays at a 4 year institution, he is not eligible for the MLB draft until after his junior season, as opposed to a JUCO player who is eligible for the draft every year. What is the rule if a player plays one year at a 4 year institution and that school drops the baseball program after his 1st year? Can he somehow declare himself eligible or must he be released or enroll at a JUCO to be eligible?
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