CAPITAL PUBLIC RADIO: Lawmakers: For-Profit Colleges Should Reimburse Heald Students
Career College Central Summary:
In response to this week's Heald College closing, California lawmakers have introduced a bill that would make Heald and Corinthian online students eligible for the California Student Tuition Recovery Fund.
The California Department of Consumer Affairs says Heald students could be reimbursed for some credits when they enroll at a new school. The department's Russ Heimerich says the payment would be prorated.
"It would depend on if the school accepted all of the credits. Generally, private, post-secondary schools don't accept all the credits from another private, post-secondary school -if they accept them at all," says Heimerich.
The bill would require for-profit schools to immediately increase their payments into the recovery fund and would double the fund to $50 million.
The state has not accepted any recent payments into the fund because it has reached its statutory maximum of $25 million.
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CAPITAL PUBLIC RADIO