Higher education; exempting certain private and out-of-state institutions from accreditation. Effective date. Emergency.
What changed between versions
Added new definitions for 'non-degree-granting activity' and 'state authorization reciprocity agreement' to clarify what institutions must meet for accreditation purposes.
Requires all private and out-of-state public degree-granting institutions to be accredited by a U.S. Department of Education-recognized agency and domiciled within the United States or its territories.
Establishes a Tuition Recovery Revolving Fund to offset student tuition losses if an authorized institution closes or ceases operations.
Authorizes the State Regents to deny, not renew, or revoke authorization if institutions violate Oklahoma statutes, fail minimum standards, or if their accrediting agency revokes approval.
Added exemptions for institutions participating in the Oklahoma Tuition Equalization Grant program, those in state authorization reciprocity agreements, and religious degree-granting institutions.
Requires the State Regents to establish and collect authorization fees beginning with the 2023-2024 academic year.