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New Jersey Statutes Title 34. Labor and Workmen's Compensation 34 § 15C-10.5

Current as of January 01, 2024 | Updated by Findlaw Staff

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.

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Cite this article: FindLaw.com - New Jersey Statutes Title 34. Labor and Workmen's Compensation 34 § 15C-10.5 - last updated January 01, 2024 | https://codes.findlaw.com/nj/title-34-labor-and-workmens-compensation/nj-st-sect-34-15c-10-5/

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