9 Miss. Code. R. § 7-3-3.27 - CLOSING OF A REGISTERED INSTITUTION
A. In the event
that an institution closes a facility:
a. The
commission will issue the institution a temporary certificate of registration
for the duration the teach-out.
b.
The commission must be provided within sixty (60) days of the decision to
close:
i. The official or anticipated closing
date.
ii. A reason for the closure
with supporting evidence (where applicable).
iii. Evidence of the development of a method
to assist students with completion of their programs of study and individual
courses with written agreements with other institutions that may provide part
or all of a train-out.
iv. A
timeline showing the steps to be taken for an orderly closure of the
institution.
v. A list of all
currently enrolled students with contact information and anticipated graduation
dates.
vi. Evidence that all
currently enrolled students have been notified in writing of the facility's
closure and have been provided written indication of where they may obtain any
of their records.
vii. Evidence of
disposition of student records, with contact information for obtaining those
records post closure.
viii.
Evidence of notice sent to all students who have paid any tuition or fees
toward future enrollment in a program of study or individual course informing
them of the closure, and refund information.
If an institution files a bankruptcy petition, a certified copy of the petition must be lodged with the commission.
B. Commission may deny
an application if the applicant was an owner, senior administrator, or
governing board member of an institution that closed without providing a
teach-out or refunds to students matriculating at the time of closure or had
unpaid fees upon a closure of registered institution.
C. An institution and its owners are jointly
and separately responsible to arrange at their expense for the storage and
safekeeping of all student records required to be maintained and destruction of
records not required to be maintained. This includes paying the costs of the
transfer of records to the Commission or third party repository and for the
costs of maintaining the records.
D. All student transcripts must be submitted
in electronic format on a travel drive or other secure means to the Commission.
Student records should be organized using the following naming convention:
student last name_first name_school program_last 4 digits of the Social Security #
Notes
State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly release. More comparison features will be added as we have more versions to compare.
No prior version found.