Revisions to Authorization

For schools currently approved by the Office of Higher Education, please log into your Veoci account to submit any revisions to your current authorization. Revisions to your current authorization should be submitted to the Office of Higher Education for approval at least 60 days prior to any intended revisions. These changes can include:

Program Revisions
Change of School Name
New Branch Campus and Classroom Site
Change of Location of School, Branch Campus, and Classroom Site

Change of School Ownership

The school owner or director must send a letter to the Office of Higher Education announcing the proposed change of ownership at least 60 days prior to the proposed sale. The Office of Higher Education will acknowledge the proposed change of ownership with a letter requesting the following:

From the Present Owner

A draft copy of the proposed sales agreement so that we can review it prior to the signing. The purpose of our initial review is to assure that such regulatory items as the maintenance of school and student records , the continuation of the school’s obligation to teach students who have not completed their program and the issuance of tuition refunds are addressed.
A final copy of the duly completed and signed sales agreement with applicable attachments and covenants.
Any and all outstanding documents or payments which you, the previous owner, may owe to this office prior to the execution of the proposed changes of ownership, for example: private occupational school student protection account fund payments, annual fees, annual reviewed or audited financial statements, etc.
Management-prepared financial statements for the period through the transfer of ownership if this date does not coincide with the end of your fiscal year.

From the Proposed New Owner

Evidence that the proposed new ownership has net worth consisting of sufficient liquid assets or other evidence of fiscal soundness to operate the school during the period of authorization as required by Sec. 10a-22k-5(i) of the Regulations of State Agencies. The evidence should be as follows:
- If the school is to be part of an existing corporation, partnership or proprietorship, submit a financial forecast for the twelve-month period following the date of the proposed transfer.
- If the school is to be part of a new corporation, partnership or proprietorship, a reviewed financial forecast of the schools operations for the twelve-month period following the date of the proposed transfer.
Submission of a complete application, $2,000 non-refundable application fee and $200 non-refundable application fee for each branch campus.
Submit $40,000 Irrevocable Letter of Credit to be held for 12 years from the date of the change of ownership. The Letter of Credit must be issued by a bank with its main office or branch located within the State of Connecticut.

450 Columbus Boulevard, Suite 707, Hartford, CT 06103-1841, Phone: 860-947-1800

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Revisions to Authorization

Change of School Ownership

The school owner or director must send a letter to the Office of Higher Education announcing the proposed change of ownership at least 60 days prior to the proposed sale. The Office of Higher Education will acknowledge the proposed change of ownership with a letter requesting the following:

From the Present Owner

A final copy of the duly completed and signed sales agreement with applicable attachments and covenants.

Management-prepared financial statements for the period through the transfer of ownership if this date does not coincide with the end of your fiscal year.

From the Proposed New Owner

Evidence that the proposed new ownership has net worth consisting of sufficient liquid assets or other evidence of fiscal soundness to operate the school during the period of authorization as required by Sec. 10a-22k-5(i) of the Regulations of State Agencies. The evidence should be as follows:

Submission of a complete application, $2,000 non-refundable application fee and $200 non-refundable application fee for each branch campus.

Submit $40,000 Irrevocable Letter of Credit to be held for 12 years from the date of the change of ownership. The Letter of Credit must be issued by a bank with its main office or branch located within the State of Connecticut.