NJ A3969

Proprietary (for-profit) postsecondary schools in New Jersey must achieve a 75% graduation rate for full-time students within six years for four-year programs and three years for two-year programs

The Secretary of Higher Education must revoke a proprietary school's license to award academic degrees if these minimum graduation rates are not met by the end of the sixth full academic year after the law takes effect

If a school is making sufficient progress toward the 75% graduation rate but has not yet achieved it by the fifth year, the Secretary has discretion to grant additional time before revoking the license

The law applies specifically to for-profit institutions authorized to offer licensed degree programs in New Jersey