Bill > H3426

This bill establishes a special commission to study and investigate the advertising and lending practices of for-profit schools, which are defined as educational companies operating for profit, commonly known as career colleges, private occupational schools, proprietary schools, trade schools, or online universities. The commission will be comprised of members from the House of Representatives and Senate, along with the Attorney General, the Secretary of Education, the Commissioner of Higher Education, and four members appointed by the Governor, including a representative from a for-profit school and a student of a for-profit school. The commission's mandate is to examine these practices and, as part of its findings, provide legislative recommendations to safeguard consumers from predatory lending and deceptive advertising by these institutions.