Attorney General Kelly A. Ayotte and Lynn West, Administrator of Career School Licensing for the Postsecondary Education Commission announced today that the Postsecondary Education Commission has filed a declaratory judgment action seeking to provide reimbursement to students who had enrolled in courses offered by Holden Medical Institute, Inc. of Nashua, New Hampshire, but which were never held because Holden closed its doors on April 21, 2008.

“Every postsecondary education institution that is licensed by the State of New Hampshire is required to be bonded,” Attorney General Ayotte said. “In the event the school is unable to provide services students have contracted and paid for, and if the school is unable to provide refunds, the bond becomes available, and those funds are then to be used to compensate the students,” the Attorney General explained. “This is what the bonding requirement is for, and why it is important that anyone who wants to enroll in a program at a non-degree granting institution should make sure that the school is licensed by the state,” Administrator West stated.

Attorney General Ayotte and Administrator West explained that the funds received from the bond will be distributed to eligible students. In order to be eligible for payment from the fund, students must have contracted with and paid for instruction from Holden Medical Institute, Inc., which they did not receive due to the closing of the school. Anyone who believes that he or she may be eligible for refunds should contact Lynn West at the Postsecondary Education Commission, 3 Barrell Court, Suite 300, Concord, New Hampshire, 03301-8543, or call (603) 271-2555 Extension 354 by July 14, 2008. Those seeking refunds will need to provide documentary proof of their eligibility.