714.25 Disclosure.
1. For purposes of this section, “proprietary school” means the same as defined in section 714.23, subsection 1.
2. A proprietary school shall, prior to the time a student is obligated for payment of any moneys, inform the student and the college student aid commission of all of the following:
a. The current total cost of the postsecondary educational program as charged by the proprietary school.
b. An estimate of fees that may be charged to the student by others in order to obtain a recognized educational credential, including but not limited to fees for examination or licensure.
c. The percentage of students who successfully complete the postsecondary educational program and the percentage who terminate prior to completing the postsecondary educational program in accordance with paragraph “e”.
d. If claims are made by the proprietary school as to successful placement of students in jobs upon completion of the proprietary school’s postsecondary educational programs, the proprietary school shall, in accordance with paragraph “e”, provide the student with all of the following:
(1) The percentage of graduating students who were placed in jobs in fields related to the postsecondary educational programs.
(2) The percentage of graduating students who went on to further education immediately upon graduation.
(3) The percentage of students who, ninety days after graduation, were without a job and had not gone on to further education.
(4) The method by which the proprietary school collected and verified the validity of data provided in accordance with this paragraph “d”.
e. Information provided by the proprietary school in accordance with paragraph “c” and, if applicable, paragraph “d”, shall include all of the following additional data:
(1) The applicable program name and the normal length of time required to complete the program.
(2) The total number of students in the cohort for which data is reported and the year in which the students began the program.
(3) The percentages of students that met the conditions described in paragraph “c” and, if applicable, paragraph “d”, by the most recent ending date for program completion in each of the school’s programs.
f. If claims are made by the proprietary school as to income levels of students who have graduated and are working in fields related to the proprietary school’s postsecondary educational programs, the proprietary school shall inform the student of the method used to derive such information.
3. A proprietary school that is initiating operation for the first time is exempt from data reporting under subsection 2, paragraphs “c” and “d”, until the school’s first biennial renewal application under section 714.24, subsection 5.
4. This section shall not apply to any of the following:
a. A proprietary school that is eligible for federal student financial aid under Tit. IV of the federal Higher Education Act of 1965, as amended.
b. A person described in section 714.23, subsection 11.
88 Acts, ch 1274, §47; 89 Acts, ch 296, §87; 90 Acts, ch 1222, §4; 2007 Acts, ch 10, §182; 2012 Acts, ch 1077, §19; 2021 Acts, ch 158, §10
Referred to in §261G.4, 714.21A, 714.24
Section amended
Structure Iowa Code
Title XVI - CRIMINAL LAW AND PROCEDURE
Chapter 714 - THEFT, FRAUD, AND RELATED OFFENSES
Section 714.1 - Theft defined.
Section 714.2 - Degrees of theft.
Section 714.4 - Claim of right.
Section 714.5 - Library materials and equipment — unpurchased merchandise — evidence of intention.
Section 714.7 - Operating vehicle without owner’s consent.
Section 714.7B - Theft detection devices — shield or removal prohibited.
Section 714.7C - Theft of pseudoephedrine — enhancement.
Section 714.7D - Retail motor fuel.
Section 714.8 - Fraudulent practices defined.
Section 714.9 - Fraudulent practice in the first degree.
Section 714.10 - Fraudulent practice in the second degree.
Section 714.11 - Fraudulent practice in the third degree.
Section 714.12 - Fraudulent practice in the fourth degree.
Section 714.13 - Fraudulent practice in the fifth degree.
Section 714.14 - Value for purposes of fraudulent practices.
Section 714.15 - Reproduction of sound recordings.
Section 714.16 - Consumer frauds.
Section 714.16B - Identity theft — civil cause of action.
Section 714.16C - Consumer education and litigation fund.
Section 714.17 - Unlawful advertising and selling of educational courses.
Section 714.18 - Evidence of financial responsibility.
Section 714.19 - Nonapplicability.
Section 714.20 - One contract per person.
Section 714.21A - Civil enforcement.
Section 714.22 - Trade and vocational schools — exemption — conditions.
Section 714.23 - Refund policies — penalty.
Section 714.24 - Additional requirements.
Section 714.26 - Intellectual property counterfeiting.
Section 714.27 - Scrap metal transactions and reporting — penalties.
Section 714.28 - Claims against purchased or pledged goods held by pawnbrokers.
Section 714.29 - Records filed with intent to harass or defraud.