New York A02180 amends education law to allow certain private career schools to file unaudited financial statements.

New York A02180 amends the education law to allow licensed private career schools with gross tuition of less than one hundred thousand dollars and receiving less than one hundred thousand dollars in state and federal student financial aid to file an unaudited financial statement. These schools must still file audited financial statements every three years, with reviewed statements allowed in other years. The commissioner may require audited statements if there are false or inaccurate statements or a significant, unsubstantiated decline in gross tuition.

New York A02180 amends education law to allow certain private career schools to file unaudited financial statements.

New York A02180 amends the education law to allow licensed private career schools with gross tuition of less than one hundred thousand dollars and receiving less than one hundred thousand dollars in state and federal student financial aid to file an unaudited financial statement. These schools must still file audited financial statements every three years, with reviewed statements allowed in other years. The commissioner may require audited statements if there are false or inaccurate statements or a significant, unsubstantiated decline in gross tuition.