Proposed Text
A. All fees collected by council staff will be deposited in the State Treasury.
B. All fees are nonrefundable with the exception of withdrawal of an application in which case all fees will be refunded minus a nonrefundable administrative fee noted in subsection D of this section.
C. Fees must be paid with a company check and made payable to the Treasurer of Virginia.
D. The annual fee is based on the annual gross tuition received by each administrative branch of institutions certified to operate in Virginia. For out-of-state institutions certified to operate in Virginia, annual gross tuition means income generated from students enrolled at Virginia locations. The flat fee schedule is as follows:
New school orientation session, per person |
$150 |
Initial fee for all new institutions of higher education |
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Initial fee for all new |
$2,500 |
Annual fee for all unaccredited institutions of higher education |
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Initial fee for out-of-state online institutions of higher education that are not members of NC-SARA |
$10,000 |
Renewal fee for out-of-state online institutions of higher education that are not members of NC-SARA |
$10,000 |
Renewal fee for all postsecondary schools with an annual gross tuition collected less than $50,000, as recorded on most recent financial statement |
$250 |
Renewal fee for all postsecondary schools with an annual gross tuition collected greater than or equal to $50,000 but less than $100,000, as recorded on most recent financial statement |
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Renewal fee for all postsecondary schools with an annual gross tuition collected greater than or equal to $100,000 but less than $500,000, as recorded on most recent financial statement |
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Renewal fee for all postsecondary schools with an annual gross tuition collected greater than or equal to $500,000 but less than $1,000,000, as recorded on most recent financial statement |
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Renewal fee for all postsecondary schools with an annual gross tuition collected greater than or equal to $1,000,000, but less than $5,000,000, as recorded on most recent financial statement |
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Renewal fee for all postsecondary schools with an annual gross tuition collected greater than or equal to $5,000,000, as recorded on most recent financial statement |
$10,000 |
Returned check fee |
$35 |
Initial or renewed exemption application/request for name acknowledgement/agent registration |
|
Nonrefundable administrative fee (withdrawal of application) |
$500
|
Request for change in degree level authorization |
$1,000 |
Request duplicate certificate to operate due to school name or address change |
$100 |
Request duplicate agent permit, to replace lost/stolen/misplaced permit |
$100 |
Application fee for each additional |
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Application fee for each additional program, |
$100 |
E. A school that submits a payment that is returned for any reason must resubmit the required payment, any applicable late fee, and the assessed returned check fee of $35 via a money order or certified bank check only.