18A:3B-94 Approval as eligible transfer institution.
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/nj/title-18a/chapter-3b/18a-3b-94·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
10. a. The Secretary of Higher Education shall approve an institution of higher education or a proprietary institution licensed to offer academic degrees to act as an eligible transfer institution if the institution:
(1)is in good standing with its accreditor and, if applicable, its licensing body;
(2)if applicable, has not been sanctioned by the United States Department of Education due to having a high cohort loan default rate;
(3)has not been placed on Heightened Cash Monitoring Payment Method Level 2 by the United States Department of Education;
(4)within the previous five years has not had any judgments related to a consumer protection law entered against it in favor of a law enforcement agency; and
(5)meets the requirements provided in section 9 of P.L.2021, c.27 (C.18A:3B-93), and any additional standards provided pursuant to subsection b. of this section.
b. The secretary may establish additional standards on a case-by-case basis for approving an eligible transfer institution.
L.2021, c.27, s.10.