Private postsecondary education: student financial aid: notice.

Existing law provides that within 5 days of the commencement of any cause of action, including an emergency action, by the Student Aid Commission against a private postsecondary educational institution in connection with the Federal Family Education Loan Program, the director of the commission shall give notice, in writing, of the commencement of the action to the Council for Private Postsecondary and Vocational Education. This bill would require the commission to give that notice within 8, rather than 5, days of the commencement of any cause of action.