Sec. 20. (a) This section applies to claims against the balance of the career college student assurance fund.

     (b) A student or enrollee of a postsecondary credit bearing proprietary educational institution who believes that the student or enrollee has suffered loss or damage resulting from any of the occurrences described in section 6(a) of this chapter may file a claim with the board for proprietary education against the balance of the fund.

     (c) A claim under this section is limited to a refund of the claimant’s applicable tuition and fees.

     (d) All claims must be filed not later than five (5) years after the occurrence resulting in the loss or damage to the claimant occurs.

     (e) Upon the filing of a claim under this section, the board for proprietary education shall review the records submitted by the appropriate postsecondary credit bearing proprietary educational institution described under section 12 of this chapter and shall investigate the claim.

     (f) Upon a determination by the board for proprietary education that a claimant shall be reimbursed under the career college student assurance fund, the board for proprietary education shall prioritize the reimbursements under the following guidelines:

(1) A student’s educational loan balances.

(2) Federal grant repayment obligations of the student.

(3) Other expenses paid directly by the student.

As added by P.L.107-2012, SEC.58. Amended by P.L.13-2013, SEC.62.