SB 690 - Currently, the Coordinating Board for Higher Education may require proprietary schools to file a security bond that covers the school and its agents, indemnifying students who suffer loss or damage due to a violation of state law by the school. This act specifies that any such bond shall be filed with the Coordinating Board for Higher Education. If a student suffers loss or damage because of a violation of state law by the school, or is unable to complete a course or program due to the school closing, or does not receive a refund to which such student is entitled, the school shall forfeit the entirety of the security bond, and the Department of Higher Education and Workforce Development (DHEWD) shall utilize the proceeds to indemnify students and to secure and administer student records. The act also adds training programs offered as part of a registered apprenticeship approved by the United States Department of Labor or pre-apprenticeship programs approved by DHEWD to the list of courses exempt from state laws governing proprietary schools.
OLIVIA SHANNON