N.J. Admin. Code § 9A:1-9.2 - Teach-out agreements

(a) An institution shall enter into a school-to-school teach-out agreement at least 120 days prior to the cessation of institutional operations. This teach-out agreement shall:

1. Be arranged by the closing institution;

2. Be agreed to by an eligible transfer institution or institutions, the closing institution, and the Secretary;

3. Unless waived for good cause by the Secretary, specify that the eligible transfer institution(s) shall:

i. Be located within a reasonable distance of the closing institution, if the closing institution has a physical presence in the State;

ii. Accept the transfer of all completed credits from students affected by the closure; and

iii. Allow a student affected by the closure to complete the student's program with substantially the same number of credit hours as was required by the closing institution; and

4. Specify that, upon request by a student affected by the closure, the closing institution shall provide a complete academic record and an official transcript to the student at no cost to the student.

Notes

N.J. Admin. Code § 9A:1-9.2

Adopted by 54 N.J.R. 433(a), effective 3/7/2022