Establishes tuition reimbursement program for students enrolled in certain private postsecondary educational schools.

This bill creates a tuition protection fund for students attending private career schools in New Jersey. Private schools must pay quarterly contributions into a revolving fund managed by the State Treasurer, building toward a $2.5 million cap. If a school closes, students who paid tuition but can't complete their program can apply for refunds from the fund, covering up to the full tuition amount paid. The fund is prioritized after using the school's required performance bond, and students must assign rights to the state for any further claims against the school.