From the FAQ: This program has been approved at every relevant level of the University System of Georgia, up to and including the Board of Regents.

I can ask about that (my wife works at GT PE), but this video implies a pretty strong equivalence. The relevant part is right at the beginning.

http://www.youtube.com/watch?v=zihmiLx3Xlk

It doesn't directly say that, though they do say it's a degree from an accredited institution, which is likely intended to mean the same thing.