Bill > S3732

Introduced Session

This bill requires a degree-granting proprietary institution to expend no less than 70 percent of its annual tuition and fee revenues on educational instruction and student support services. Under the bill, a degree-granting proprietary institution is to annually report to the Secretary of Higher Education the dollar and percentage amount of total tuition and student fees spent on each of the following: · educational instruction; · student support services; and· advertising, marketing, and recruiting. The bill requires any executive or administrator of a degree-granting proprietary institution with an investment interest in the institution to disclose that interest to the secretary. Under the bill, if a degree-granting proprietary institution expends less that 70 percent of its annual tuition and fee revenues on educational instruction and student support services, the secretary is to notify the institution and inform the institution that the secretary may take action to suspend or revoke the institution's license to award academic degrees if the institution continues to fail to meet the bill's provisions. After an institution has been notified by the secretary, the institution is to inform current and prospective students of the institution that the institution's license may be suspended or revoked for failing to expend a minimum level of tuition and fees on educational instruction and student support services. If the institution does not meet the minimum expending level prior to the beginning of the academic year next following one year after the date of the notice to the institution, the secretary is to suspend or revoke the institution's license to award academic degrees.

Committee Categories

Joe Cryan (D)*,  Andrew Zwicker (D)*, 

Senate Higher Education Hearing (13:00:00 10/10/2024 Committee Room 1, First Floor, State House Annex, Trenton, NJ) (on 10/10/2024)

Official Document