ID H0294

Requires proprietary schools to provide written disclosure to students at least 30 days before entering into any contract, with the student signing a dated document acknowledging receipt of the disclosure.

Disclosure must include course name, hours per week, weeks required for completion, total cost, estimated book and equipment costs, years course has been offered, enrollment numbers, completion rates, and employment data for graduates in related jobs.

Schools must disclose how many graduates obtained full-time (35+ hours per week) or part-time (less than 35 hours per week) jobs directly related to skills acquired, including employment location and duration.

Requires schools to provide three specific general warnings in bold type regarding loan repayment obligations, employment eligibility requirements, and credit transferability to other institutions.

Students may rescind any contract within 30 days after receiving the disclosure and receive a full refund of all amounts paid; failure to provide disclosure triggers this rescission right and refund obligation.