SB 1192 Summary

• Increases maximum fine for operating an institution without proper approval from $50,000 to $100,000

• Requires out-of-state private postsecondary institutions to register with the bureau, provide evidence of accreditation and state approval, and comply with Student Tuition Recovery Fund requirements

• Establishes an Office of Student Assistance and Relief to help students affected by institution closures or unlawful activities, with quarterly reporting on assistance provided through September 1, 2018

• Makes California students of Corinthian Colleges, Inc. institutions eligible for recovery from the Student Tuition Recovery Fund if they meet other eligibility requirements

• Extends the sunset date of the California Private Postsecondary Education Act from January 1, 2017 to January 1, 2021, continuing regulatory oversight and the Student Tuition Recovery Fund for four additional years