Sec. 4624. Teach-out plans
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Section 487(f)(2) of the Higher Education Act of 1965 ( 20 U.S.C. 1094(f)(2) ) is amended to read as follows: In this subsection, the term teach-out plan means a written plan that provides for the equitable treatment of students if an institution of higher education ceases to operate before all students have completed their program of study that— shall include— a process to maintain a complete list of such students and the estimated date of completion of each such student’s program of study; and a record retention plan that includes— a plan to provide each student with the transcript of such student, at no cost to such student; and the policies and procedures required under subparagraphs
(B)and
(C)of section 495(a)(6). may include— if required by the institution’s accrediting agency or association, an agreement between institutions for such a teach-out plan; and such other information as the Secretary may require. .
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