CAPITAL PUBLIC RADIO: Lawmakers: For-Profit Colleges Should Reimburse Heald Students
Career College Central Summary:
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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.
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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.
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"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.
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The bill would require for-profit schools to immediately increase their payments into the recovery fund and would double the fund to $50 million.
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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
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