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NJ S2216
Bill
Status
Introduced
1/13/2026
Primary Sponsor
Teresa Ruiz
Click for details
AI Summary
- Creates the Private Career School Student Tuition Protection Fund in the Department of Labor and Workforce Development to provide tuition refunds when private career schools close, become insolvent, or cease operations
- Requires private career schools to obtain a performance bond payable to the Commissioner of Labor and Workforce Development and pay a per-student fee into the fund
- Caps the fund at $2,500,000, with contributions pausing when this threshold is reached and resuming if the balance drops below $2,000,000
- Entitles enrolled students to refunds for tuition paid toward incomplete courses when a school closes, with payments covering either transfer costs to another school or direct reimbursement based on services received
- Requires students receiving refunds to assign their legal rights against the closed school to the State, allowing the State to pursue recovery actions to reimburse the fund
Legislative Description
Establishes tuition reimbursement program for students enrolled in certain private postsecondary educational schools.
Higher Education
Last Action
Introduced in the Senate, Referred to Senate Higher Education Committee
1/13/2026
Committee Referrals
Higher Eduction1/13/2026
Full Bill Text
No bill text available