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NJ S3732
Bill
Status
9/30/2024
Primary Sponsor
Andrew Zwicker
Click for details
AI Summary
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Degree-granting proprietary institutions must spend at least 70% of annual tuition and fee revenues on educational instruction and student support services
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Institutions must submit annual reports to the Secretary of Higher Education by July 1st detailing expenditures on instruction, student support, and advertising/marketing/recruiting
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Executives and administrators with investment interests in their institution must disclose those interests to the Secretary
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Institutions failing to meet the 70% threshold will receive notice and must inform current and prospective students that their license may be suspended or revoked
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Institutions that remain non-compliant after one year following notification will have their license to award academic degrees suspended or revoked
Legislative Description
Requires degree-granting proprietary institutions to expend at least 70 percent of tuition and fee revenues on educational instruction and student support services.
Higher Education
Last Action
Introduced in the Senate, Referred to Senate Higher Education Committee
9/30/2024