Summary
The proposed rule incorporates two forms. One of these is CIE Form 605, entitled Business Plan. When applying for these types of provisional licenses, institutions will be required to provide information applicable to a business plan for post secondary institutions, such as a description of the facility, institutional educational programs, a market analysis summary, accreditation plans, marketing and enrollment strategies and information on a web based presence, if any. The second form proposed for incorporation is CIE Form 606, entitled Projected or Actual Budget. When applying for these same types of provisional licenses, institutions will be required to provide a budget that includes the revenue and costs for private post secondary institutions. The form requires information on costs in a number of categories, namely, costs of sales, advertising, labor, student recruitment, administrative costs, salaries, professional fees, occupancy expenses, and capital expenditures.