This bill amends the New Jersey College Student and Parent Consumer Information Act to include proprietary schools authorized to offer licensed degree programs. It mandates that these schools provide comprehensive information on their websites regarding costs of attendance, graduation rates, and faculty composition, among other metrics. The bill requires proprietary schools to post an annual student consumer information report that includes detailed data on graduation rates, financial assistance, student loan indebtedness, and faculty statistics, disaggregated by various demographic factors. Additionally, it stipulates that proprietary schools must provide a hard copy of this information with all paper applications for admission.

Furthermore, the bill establishes that proprietary schools will not be eligible for direct State aid, and students enrolled in these schools will not qualify for State student assistance unless the school meets a specified graduation rate determined by the Secretary of Higher Education. The Secretary is also tasked with compiling and presenting a comparative profile of student consumer information reports from both proprietary schools and four-year public institutions, allowing for easier comparison of educational quality and financial metrics. This legislation aims to enhance transparency and accountability in proprietary education while ensuring that students and families are well-informed about their educational choices.

Statutes affected:
Introduced: 18A:3B-44, 18A:3B-45