Section 34:15C-10 - [Multiple Versions] Private career school entrance into school-to-school teach-out agreementa. A private career school shall enter into a school-to-school teach-out agreement at least 120 days prior to the cessation of school operations. b. In order to satisfy the requirements of this section, a school-to-school teach-out agreement shall: (1) be arranged by the closing private career school; (2) be agreed to by an eligible transfer institution, the closing private career school, and the commissioner; and (3) unless waived for good cause by the commissioner, specify that the eligible transfer institution shall: (a) be located within a reasonable distance of the closing school, if the closing school has a physical presence in the State;(b) accept the transfer of all completed credits from students affected by the closure; and(c) allow a student affected by the closure to complete the student's program with substantially the same number of credit hours as was required by the closing school; and (4) not charge a student tuition or fees in excess of the lesser of: (a) the remaining amount that a student affected by the closure would have paid to the closing school to complete the program; or (b) the transfer institution's applicable tuition and fees; and (5) specify that, on request by a student affected by the closure, the closing school shall provide a complete academic record and an official transcript to the student at no cost to the student.Added by L. 2021, c. 27,s. 16, eff. 9/1/2021.This section has been set out more than once in accordance with the state's data.