ID S1234

Requires proprietary schools to provide written disclosures to students at least 15 days before entering into any contract or binding agreement, with student signature required and a complete copy provided to the student.

Disclosures must include course name, hours per week, weeks to completion, total costs, books/equipment costs, years the course has been offered, enrollment numbers, completion rates, and job placement data for graduates.

Schools must provide three specific general disclosures in bold type regarding loan repayment obligations, occupational licensing requirements, and credit transferability to other institutions.

Students may rescind any contract or agreement within 15 days after receiving the disclosure and receive a full refund of all amounts paid by the student and on the student's behalf.

Failure to provide required disclosures entitles students to contract rescission and full refund, with this rescission provision required to be included in its entirety in all disclosures.