Connecticut Senate Bill SB00994

Connecticut 2021 Regular Session

• Introduced: 3/4/21
• Refer: 3/4/21

Caption

An Act Concerning Payments To The Private Occupational Student Protection Account.

Impact

The implementation of SB00994 will ensure that a financial safety net is established for students enrolled in private occupational schools, regardless of their state residency. The bill also delineates that students may make claims against this account for refunds if their school fails to deliver educational services due to insolvency. By addressing the potential losses incurred by students, the legislation aims to bolster consumer protections and increase confidence in private occupational education systems.

Summary

SB00994, concerning Payments to the Private Occupational Student Protection Account, aims to amend existing laws regarding the financial responsibilities of private occupational schools in the state. The bill mandates that private occupational schools contribute a specified percentage of received tuition to a dedicated student protection account. This fund is designed to safeguard students by providing refunds in the event that a school becomes insolvent or ceases operations. The contribution required from each private school is set at four-tenths of one percent of the tuition collected per quarter, which is a crucial step toward enhancing accountability among these institutions.

Contention

During discussions surrounding the bill, notable points of contention emerged regarding the adequacy of measures for protecting students. Legislative members have expressed varied opinions on the bill's effectiveness in truly safeguarding students' investments in their education. Some legislators highlighted concerns over how financial contributions would be managed and the sufficiency of the refund mechanism. Moreover, discussions around ensuring equitable access for all students, including those in non-traditional or distance education settings, brought forth additional dialogues on the need for broad applicability of student protections.