Student Tuition Recovery Fund Assessment Change

Frequently Asked Questions

Effective January 1, 2015, the Student Tuition Recovery Fund (STRF) assessment rate will be zero ($0) per $1,000. Therefore, all institutions required to collect STRF assessments must stop collecting STRF assessments from students. Below are some frequently asked questions to address common concerns:

1. Are institutions required to pay their 4th quarter 2014 STRF invoices?
Yes, institutions are required to pay their 4th quarter 2014 STRF invoices at the rate of fifty cents ($.50) per one thousand dollars ($1,000) of institutional charges.

2. Should institutions collect STRF assessments from students who enroll after January 1, 2015?
No, institutions should not collect STRF assessments from students who enroll after January 1, 2015; the STRF assessment will be $0.

3. Should institutions collect STRF assessments from students who enroll in 2014 but do not begin classes until 2015?
No, institutions should not collect STRF assessments from students who enroll in 2014 but do not begin classes until January 1, 2015 or later; the STRF assessment will be $0.

4. Should Institutions provide amendments to students that have signed enrollment agreements but will not begin class until on or after January 1, 2015?
Yes, the Bureau recommends that the enrollment agreement be amended to indicate that the STRF assessment is $0 per $1,000.

5. Will institutions still be required to complete STRF Assessment Reporting Forms quarterly as of January 1, 2015?
Yes, institutions will be required to complete and submit STRF Assessment Reporting Forms quarterly, even though they will no longer be collecting STRF assessments. Institutions will continue to be required to maintain all back-up documentation for STRF assessments as well.

6. How long will the STRF assessment rate be $0?
The STRF rate is subject to change based upon the balance in the STRF account. Statute requires the Bureau begin collecting if the balance falls below $20 million ($20,000,000.00) and caps the account at $25 million ($25,000,000.00).

For additional questions, please contact the Bureau for Private Postsecondary Education's STRF Unit at (888) 370-7589.