The purpose of the program is to promote and encourage Ohio’s workforce development and job growth through educational training and retraining in programs related to employment opportunities in growing fields. Institutions must qualify as eligible institutions, and their respective workforce training and education programs must be approved by the Chancellor in order for students in those programs to be eligible for loans under the Loan Program. The funds awarded to institutions will be disbursed in the form of loans to borrowers (students enrolled in approved workforce training programs at participating institutions). Proposals must demonstrate that completion of the workforce training program will directly impact the ability of borrowers to advance their career and education.
Eligible institutions include any of the following, in good standing with national and state accrediting and authorizing entities:
1. A state institution of higher education, as defined in 3345.011 of the Ohio Revised Code;
2. A private career school, as defined in 3332.01 of the Ohio Revised Code;
3. A private nonprofit institution in this state holding a certificate of authorization pursuant to Chapter 1713 of the Ohio Revised Code;
4. A private institution exempt from regulation under Chapter 3332 of the Ohio Revised Code as prescribed in section 3333.046 of the Ohio Revised Code, if the program has a certificate of authorization pursuant to Chapter 1713 of the Ohio Revised Code;
5. A career technical center, joint vocational school district, comprehensive career technical center, or compact career technical center offering adult training.
Once institutions are qualified and workforce training and education programs are approved by the Chancellor, the Ohio Treasurer’s office oversees the process by which the loans are applied for, disbursed, and serviced.
There are no meetings scheduled at this time.