SECTIONS 94926-94927.5 - California Statutes

EDUCATION CODE

SECTION 94926-94927.5

94926. At least 30 days prior to closing, the institution shall
notify the bureau in writing of its intention to close. The notice
shall be accompanied by a closure plan, which shall include, but not
necessarily be limited to, all of the following:
(a) A plan for providing teach-outs of educational programs,
including any agreements with any other postsecondary educational
institutions to provide teach-outs.
(b) If no teach-out plan is contemplated, or for students who do
not wish to participate in a teach-out, arrangements for making
refunds within 45 days from the date of closure, or for institutions
that participate in federal student financial aid programs
arrangements for making refunds and returning federal student
financial aid program funds.
(c) If the institution is a participant in federal student
financial aid programs, it shall provide students information
concerning these programs and institutional closures.
(d) A plan for the disposition of student records.

94927. An institution shall be considered in default of the
enrollment agreement when an educational program is discontinued or
canceled or the institution closes prior to completion of the
educational program. When an institution is in default, student
institutional charges may be refunded on a pro rata basis if the
bureau determines that the school has made provision for students
enrolled at the time of default to complete a comparable educational
program at another institution at no additional charge to the
students beyond the amount of the total charges in the original
enrollment agreement. If the institution does not make that
provision, a total refund of all institutional charges shall be made
to students.

94927.5. (a) Prior to closing, an institution shall provide the
bureau with the following:
(1) Pertinent student records, including transcripts, as
determined by the bureau, pursuant to regulations adopted by the
bureau.
(2) If the institution is an accredited institution, a plan for
the retention of records and transcripts, approved by the institution'
s accrediting agency, that provides information as to how a student
may obtain a transcript or any other information about the student's
coursework and degrees completed.
(b) Subdivision (a) applies to all private postsecondary
institutions, including institutions that are otherwise exempt from
this chapter pursuant to Article 4 (commencing with Section 94874).