New Jersey Statutes 34:15C-10.6. Approval of private career school to act as eligible transfer institution
Terms Used In New Jersey Statutes 34:15C-10.6
- Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
(1) is in good standing with its accreditor and, if applicable, its licensing body;
(2) if applicable, has not been sanctioned by the United States Department of Education due to having a high cohort loan default rate;
(3) has not been placed on Heightened Cash Monitoring Payment Method Level 2 by the United States Department of Education;
(4) within the previous five years, has not entered into any settlement agreements related to a consumer protection law with a law enforcement agency, or had any judgments related to a consumer protection law entered against it in favor of a law enforcement agency; and
(5) meets the requirements provided in section 16 of P.L.2021, c.27 (C. 34:15C-10.5), and any additional standards provided pursuant to subsection b. of this section.
b. The commissioner may establish additional standards on a case-by-case basis for approving an eligible transfer institution.
L.2021, c.27, s.17.