HEA 1382 Summary

• Transfers oversight of postsecondary proprietary educational institution accreditation from the state workforce innovation council to the department of workforce development, effective June 30, 2016.

• Changes references throughout Indiana Code from "council" to "department" for all accreditation, permitting, and regulatory functions related to proprietary education institutions.

• Modifies the annual training and career report submission deadline from November 1 to December 1 each year for the Indiana career council.

• Establishes student assurance fund and surety bond requirements for proprietary educational institutions, with quarterly contribution formulas and minimum bond amounts based on institutional tuition charges.

• Provides protections for student claims against surety bonds and the student assurance fund, with five-year filing deadlines and prioritized reimbursement for educational loans, federal grants, and direct student expenses.