Washington HB2474 establishes consumer protections for postsecondary students in case of school or program closures.

Washington HB2474 mandates that institutions provide refunds to students if they discontinue operations or a program while students are enrolled. The bill also voids any institutional debt for students in such cases. It establishes a student achievement council tuition recovery trust fund to provide relief to students affected by school closures or violations of consumer protection requirements. The fund can be used for refunds, securing student records, and other necessary responses. Schools must make cash deposits into this fund to remain licensed.

Washington HB2474 establishes consumer protections for postsecondary students in case of school or program closures.

Washington HB2474 mandates that institutions provide refunds to students if they discontinue operations or a program while students are enrolled. The bill also voids any institutional debt for students in such cases. It establishes a student achievement council tuition recovery trust fund to provide relief to students affected by school closures or violations of consumer protection requirements. The fund can be used for refunds, securing student records, and other necessary responses. Schools must make cash deposits into this fund to remain licensed.