NJ S3361

Proprietary schools offering licensed degree programs would be prohibited from receiving direct State aid under this bill.

Students at proprietary schools would become ineligible for State grants, scholarships, and other student assistance unless the school meets a graduation rate threshold to be set by the Secretary of Higher Education.

Proprietary schools with licensed degree programs would be required to publicly disclose graduation rates, attendance costs, student loan indebtedness data, faculty composition, and other consumer information on their websites under the "New Jersey College Student and Parent Consumer Information Act."

The Secretary of Higher Education would compile proprietary school consumer information reports into a comparative profile alongside four-year public institutions, allowing families to compare data across schools.

Applicants to proprietary schools would be required to sign a statement acknowledging they reviewed the school's consumer information report before admission.