2021 New Jersey Revised Statutes
Title 34 - Labor and Workmen's Compensation
Section 34:15C-10 - Private career school entrance into school-to-school teach-out agreement.
34:15C-10. Private career school entrance into school-to-school teach-out agreement.
16. a. A private career school shall enter into a school-to-school teach-out agreement at least 120 days prior to the cessation of school operations.
b. In order to satisfy the requirements of this section, a school-to-school teach-out agreement shall:
(1) be arranged by the closing private career school;
(2) be agreed to by an eligible transfer institution, the closing private career school, and the commissioner; and
(3) unless waived for good cause by the commissioner, specify that the eligible transfer institution shall:
(a) be located within a reasonable distance of the closing school, if the closing school has a physical presence in the State;
(b) accept the transfer of all completed credits from students affected by the closure; and
(c) allow a student affected by the closure to complete the student's program with substantially the same number of credit hours as was required by the closing school; and
(4) not charge a student tuition or fees in excess of the lesser of:
(a) the remaining amount that a student affected by the closure would have paid to the closing school to complete the program; or
(b) the transfer institution's applicable tuition and fees; and
(5) specify that, on request by a student affected by the closure, the closing school shall provide a complete academic record and an official transcript to the student at no cost to the student.
L.2021, c.27, s.16.
