34:15C-10. Private career school entrance into school-to-school teach-out agreement.
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/nj/title-34/chapter-15c/34-15c-10-2·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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.