Proposed Amendment of 2A SBCCC 500.1 – Administration of the Student Protection Fund

On February 21, 2025, the State Board of Community Colleges initiated the rulemaking process to amend 2A SBCCC 500.1 – Administration of the Student Protection Fund. The proposed amendment will allow the State Board of Proprietary Schools to suspend all payments into the Student Protection Fund if the balance exceeds the fund cap amount pursuant to SL 2024-57 that will become effective on July 1, 2025. The proposed amendment is published on the NC Community College System’s website, Numbered Memos – NCCCS (nccommunitycolleges.edu). For your convenience, a copy of the proposed rule, with the changes indicated, is attached to this memorandum. Strikethroughs indicate deletions of existing language and underlines indicate additions of language.

 

Any member of the public has the right to submit written comments on the proposed rule. Please note that any person who submits public comments on behalf of their community college should comply with their college’s local process for submitting comments on a proposed rule. Written comments on the rule must be received by no later than 5:00 p.m. on March 27, 2025. Any member of the public has the right to request a hearing on the proposed rule. Requests for a hearing must be received by no later than 5:00 p.m. on March 12, 2025.

 

Written comments and requests for hearing shall be directed to the following address: Jonnell Carpenter, 5001 Mail Service Center, Raleigh, NC 27699-5001 or by email to publiccomments@nccommunitycolleges.edu. Thank you for your attention to this matter.

 

For the memo in its entirety, see CC25-014 – Proposed Amendment of 2A SBCCC 500.1 – Administration of the Student Protection Fund

 

CC25-014