It is registered with the Securities and Exchange Commission as a stock corporation and operates with the authority of the Department of Education for its primary and secondary programs and the Commission on Higher Education for its tertiary, graduate and postgraduate programs.

The same year, the school acquired the M/V Capitol College, a 650-ton freighter which served as the training ship for the Maritime cadets.

On February 3, 2003, 32 years after its founding, Cagayan Capitol College received its charter as a university.

With a computer-to-student ratio of 1 to 1, students have access to more than 200 on-campus computers ranging from current model PCs to high-end graphics workstations.

Courses offered: The College of Engineering is recognized by CHED as a "Center of Development" and its BSCE and BSME programs are Level III accredited with the Philippine Association of Colleges and Universities - Commission in Accreditation (PACU-COA).

[citation needed] CU-MEP is accredited by the Det Norske Veritas (DNV) and is one of the first schools in the Philippines that obtained ISO 9000 certification.