Postsecondary Registration - Iowa Code Sections 714.18 and 714.19
Filing Evidence of Financial Responsibility
Under Iowa Code Section 714.18, every person, firm, association, or corporation (including postsecondary educational institutions and other instructional schools) that maintains or conducts in Iowa any course of instruction via classroom instruction, correspondence or distance education, or that solicits in Iowa the sale of such a course, must file evidence of financial responsibility with the Iowa College Student Aid Commission and reapply to demonstrate continuing compliance, at minimum, every two years.
A postsecondary educational institution that qualifies for an exemption from the financial responsibility provisions of Iowa Code may nevertheless be required to register in Iowa to offer a course of instruction via classroom instruction or distance education in Iowa. A non-public postsecondary educational institution that is not required to register in Iowa in order to offer distance education programs may be required to file evidence of financial responsibility. The registration provisions of Iowa Code Chapter 261B and financial responsibility provisions of Iowa Code Section 714.18 and 714.19 operate independently
Financial Responsibility Application Process Non-exempt postsecondary educational institutions or instructional schools must complete an application that the Iowa College Student Aid Commission supplies for this purpose and submit other required documentation.
Financial Responsibility Exemptions A non-public school that would otherwise be required to file evidence of financial responsibility and believe that it qualifies for an exemption under Iowa Code Chapters 714.19 must apply to the Iowa College Student Aid Commission for acknowledgement of the claimed exemption.