Concerning postsecondary education consumer protections in the event of school or program closures.

HB 2474 creates a tuition recovery trust fund to protect students if private colleges licensed under Washington state law close or violate consumer protection rules. It requires schools to make cash deposits into this fund to cover refunds, record transfers, or teach-out options for affected students. Schools must offer students a comparable program at another institution or a teach-out plan if they discontinue operations, and they must refund tuition if they fail to comply. The bill also voids student debt for programs discontinued in violation of these requirements, directly benefiting students enrolled in closing programs.