A postsecondary educational institution shall:

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1.  Post in a conspicuous place a notice supplied by the Administrator stating that grievances may be submitted to the Administrator for resolution.

2.  Issue a receipt to all students, and retain a copy, for all money paid to the institution.

3.  Submit an annual report to the Commission on forms it supplies. The report must include, without limitation, the annual income received by the institution from tuition.