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Financial stability

Not sure if this fits here but the proof of financial stability was a very hard process to get through. I am curious why since our school will be paid upfront. Its hard to have that kind of funding before hand. Then you would think there would be more checking later to verify you secure tuition so is is available to refund if needed instead of the trust account being used.

chris,

The TWC is concerned that a school can meet all refund obligations if it closes. The ongoing financial review occurs with the submission of annual financial statements.

JP Mehlmann

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