Modifying and clarifying certain requirements for private career schools; changing the name of the private business, trade and correspondence school act to the "Private Career School Act" and defining or redefining certain terms; modifying certain surety bond requirements, requiring the inclusion of gross income earned on license application forms by schools not filing the maximum bond amount; modifying and clarifying certain minimum license standards requirements; expanding catalog or brochure content requirements; specifying a certain minimum duration for the retention of student records; requiring the higher education services office to adopt rules establishing different conditions for license renewal based on the record of the school, specifying application requirements, fee to be established by HESO; requiring the provision of certain information to students relating to enrollment contracts or agreements; modifying and clarifying certain refund provisions; requiring HESO to adopt rules establishing a list of civil penalties and fines associated with violations of certain prohibitions; modifying the exemptions from regulation; repealing the public policy (mk)