Which sentence is punctuated correctly?

Most colleges require one of two things: a high-school diploma or a GED.
Most colleges require one of two things; a high-school diploma or a GED.
Most colleges will accept someone with either: a high-school diploma or a GED.
Most colleges will accept someone with either; a high-school diploma or a GED.

What's the answer?

The correct sentence is: Most colleges require one of two things: a high-school diploma or a GED.