The proposed legislation, General Assembly Raised Bill No. 7098, aims to provide financial support to former students of the practical nurse education program at Stone Academy, specifically those who were enrolled between November 1, 2021, and February 28, 2023. The bill stipulates that the Office of Higher Education will issue stipends to graduates who have passed the licensure examination, with a total payout not exceeding $150,000. Additionally, it establishes a process for refunding tuition to applicants who were enrolled but did not graduate, provided they meet specific criteria, including not having received a refund previously and not having their coursework accepted as transfer credits by another program.

Key changes in the bill include the repeal of Section 67 of public act 23-204 and the introduction of new provisions regarding tuition refunds. The criteria for receiving a refund have been expanded to include applicants who have not participated in a teach-out or a proctored comprehensive predictor examination. Furthermore, the deadline for applying for tuition refunds has been set for June 30, 2026. The state is also authorized to take legal action against the private career school to recover funds disbursed from the student protection account, ensuring that the financial burden does not fall solely on the state.