Establishes tuition reimbursement program for students enrolled in certain private postsecondary educational schools.

Summary

The bill establishes a revolving, non‑lapsing fund managed by the State Treasurer to provide refunds to students when a private career school shuts down or becomes insolvent. Schools must post a performance bond and make per‑student contributions to the fund, while students who lose tuition get refunds from the fund or the bond. The measure aims to protect learners and safeguard state grant or scholarship money used for tuition.

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