Establishes tuition reimbursement program for students in private career schools in New Jersey.

The bill establishes a tuition reimbursement program for students in private career schools in New Jersey. It creates a Private Career School Student Tuition Protection Fund to provide refunds if a school closes or becomes insolvent. Schools must obtain a performance bond and make quarterly payments to the fund. Eligible students can receive refunds if they were enrolled within 90 days of a school's closure or insolvency. Refunds are paid from the performance bond or the fund, and students must assign their rights to the state for any action against the school.

Establishes tuition reimbursement program for students in private career schools in New Jersey.

The bill establishes a tuition reimbursement program for students in private career schools in New Jersey. It creates a Private Career School Student Tuition Protection Fund to provide refunds if a school closes or becomes insolvent. Schools must obtain a performance bond and make quarterly payments to the fund. Eligible students can receive refunds if they were enrolled within 90 days of a school's closure or insolvency. Refunds are paid from the performance bond or the fund, and students must assign their rights to the state for any action against the school.