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Senate panel reviews plan to shift student‑relief costs into tuition‑recovery fund to keep private‑college regulator solvent
Summary
The Senate education budget subcommittee heard a proposal to transfer roughly $2.7 million in student‑facing costs from the Bureau for Private Postsecondary Education’s administrative fund into the Student Tuition Recovery Fund (STRF) to stabilize the bureau through a 2026 sunset review.
The Senate Budget Subcommittee No. 1 on Education reviewed a proposal to transfer about $2,700,000 a year in student‑facing expenditures from the Bureau for Private Postsecondary Education’s administrative fund into the Student Tuition Recovery Fund, a move bureau officials say would preserve the bureau’s solvency through its 2026 sunset review.
Deborah Cochran, bureau chief for the Bureau for Private Postsecondary Education, told the subcommittee the bureau’s administrative fund has run a structural deficit since 2017 and relied on short‑term loans and a…
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