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