Concerns incentive compensation and contracts between online program management companies and institutions of higher education and certain proprietary institutions.
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Progress
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- Introduced
- Passed Senate
- Passed General Assembly
- To Governor
- Became Law
Overview
This bill regulates incentive compensation and contracts between online program management companies and higher education institutions and certain proprietary institutions in New Jersey. It prohibits institutions from providing incentive compensation, such as tuition sharing, to these companies except for recruiting students in foreign countries. The bill requires detailed reporting from both institutions and program management companies, including annual reports outlining expenditures and student demographics, and establishes strict guidelines for contracts to prevent undue influence and ensure transparency.
Bill text
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