Exempts proprietary institution licensed to offer academic degrees that has operated in State for at least 25 years from requirement to provide teach-out plan in event of potential closure.
Impact
By exempting long-established institutions from the teach-out plan requirement, S1792 aims to alleviate administrative burdens on these institutions, allowing them to operate with greater flexibility. This change is significant because it allows older proprietary institutions to potentially manage closures without the procedural oversight that younger institutions must follow, which could lead to operational efficiencies. The overarching intent appears to be supporting legacy institutions that have a long-standing presence in the educational landscape of New Jersey.
Summary
Senate Bill S1792 proposes an amendment to the existing law concerning proprietary institutions licensed to offer academic degrees in New Jersey. Specifically, the bill exempts institutions that have been operating in the state for at least 25 years from the requirement to provide a teach-out plan in the event of a potential closure. This prior law, enacted as P.L.2021, c.27, mandated that these institutions must submit a plan ensuring the orderly transition of students in the case of closure to protect their educational interests.
Contention
However, this bill has points of contention related to student protections. Critics argue that exempting older institutions from the teach-out plan requirement could leave students without adequate recourse in the event of a disorderly closure. The original requirement for a teach-out plan was designed to safeguard students' educational and financial investments, and concerns have been raised that the lack of similar protections for long-operating institutions could lead to negative outcomes for the students who are enrolled there. The debate surrounding this legislation highlights the tension between supporting institutions and ensuring student security in higher education.
Same As
Exempts proprietary institution licensed to offer academic degrees that has operated in State for at least 25 years from requirement to provide teach-out plan in event of potential closure.
Exempts proprietary institution licensed to offer academic degrees that has operated in State for at least 25 years from requirement to provide teach-out plan in event of potential closure.
Establishes Student Tuition Recovery Fund in Office of the Secretary of Higher Education to compensate students impacted by failing or fraudulent proprietary institutions.
Clarifies that law concerning requirements for closure of private career school applies to certain schools licensed by New Jersey State Board of Cosmetology and Hairstyling.
Clarifies that law concerning requirements for closure of private career school applies to certain schools licensed by New Jersey State Board of Cosmetology and Hairstyling.
Clarifies that law concerning requirements for closure of private career school applies to certain schools licensed by New Jersey State Board of Cosmetology and Hairstyling.
Clarifies that law concerning requirements for closure of private career school applies to certain schools licensed by New Jersey State Board of Cosmetology and Hairstyling.
Provides that former law enforcement officers who retired due to disability are eligible to receive tuition assistance to attend public institution of higher education or proprietary institution licensed to confer academic degrees.
Provides that former law enforcement officers who retired due to disability are eligible to receive tuition assistance to attend public institution of higher education or proprietary institution licensed to confer academic degrees.
Provides that former law enforcement officers who retired due to disability are eligible to receive tuition assistance to attend public institution of higher education or proprietary institution licensed to confer academic degrees.
Provides that former law enforcement officers who retired due to disability are eligible to receive tuition assistance to attend public institution of higher education or proprietary institution licensed to confer academic degrees.
Establishes Student Tuition Recovery Fund in Office of the Secretary of Higher Education to compensate students impacted by failing or fraudulent proprietary institutions.
Applies provisions of "New Jersey College Student and Parent Consumer Information Act" to proprietary schools and limits eligibility for State student assistance programs to students enrolled in certain proprietary schools.
Applies provisions of "New Jersey College Student and Parent Consumer Information Act" to proprietary schools and limits eligibility for State student assistance programs to students enrolled in certain proprietary schools.
Requires degree-granting proprietary institutions to expend at least 70 percent of tuition and fee revenues on educational instruction and student support services.
Requires certain institutions of higher education and degree-granting proprietary institutions to submit certain documentation on online program managers to Secretary of Higher Education.
Requires certain institutions of higher education and degree-granting proprietary institutions to submit certain documentation on online program managers to Secretary of Higher Education.
Revises calculation of student financial need and provides circumstances for reduction of financial aid at institutions of higher education and proprietary institutions.
Revises calculation of student financial need and provides circumstances for reduction of financial aid at institutions of higher education and proprietary institutions.