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Senate advances measure to require bonds and oversight for proprietary schools after closures left students out of pocket
Summary
Senate Bill 80 would require proprietary (for-profit) postsecondary schools seeking initial certification to provide specified information and a bond to protect advanced tuition; the measure passed to third reading after debate about whether the Board of Regents or an independent agency should administer oversight.
Senate Bill 80, a proposed amendment to the postsecondary proprietary-school certification process, passed the Senate on Jan. 19, 2000 to third reading after floor debate about program administration and consumer protections.
Sponsor explained the bill was a response to publicized failures of private proprietary schools that closed and left students unable to recover prepaid tuition. The…
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