New Hampshire Code of Administrative Rules
Pos - Postsecondary Education Commission
Chapter Pos 1100 - LICENSING OF PRIVATE POSTSECONDARY CAREER SCHOOLS
Part Pos 1112 - TUITION GUARANTY TRUST FUND
Section Pos 1112.01 - Purpose
Universal Citation: NH Admin Rules Pos 1112.01
Current through Register No. 12, March 21, 2024
The tuition guaranty trust fund was created as an alternative to the surety indemnification options identified in RSA 188-D:20-a. However, there may be a period of overlap for the fund and these surety indemnification options until the fund reaches its operating balance. All schools licensed by the commission shall make annual payments to the fund, which shall be used only for the purpose of reimbursing students or their lenders in the event a school closed without completing the students' instructional programs and without adequately reimbursing the affected students.
#8221, eff 12-16-04; ss by #8525, eff 12-20-05
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