The role of state agency regulation, oversight, and funding of programs at New Jersey's private, postsecondary trade schools was examined through meeting participation, review of existing regulations, and interviews with agency staff. Findings were as follows: (1) proprietary vocational schools play a large role in New Jersey's postsecondary educational system; (2) the licensure, regulation, and funding of proprietary vocational school programs is scattered among at least six state agencies; (3) the development of educational policy and oversight of proprietary vocational schools is not a central mission or major activity of any state agency; (4) the agencies do not have sufficient resources and staff expertise to maintain an adequate level of oversight of the educational programs offered; (5) none of the state agencies maintain contact or share information with the proprietary school accrediting associations; (6) there are no common standards among agencies for school licensure, on-site monitoring, educational program accountability, or skills assessment for placing poorly prepared students; (7) there are no consistent standards for protecting the consumer's interest through prorated tuition refund policies or adequate financial protection against sudden school closures; (8) there are few formal mechanisms for regular exchange of data, program reviews, results, or notification of events such as school closures; (9) no one conducts systematic collection, tabulation, and publication of basic data about school performance measures such as dropout rates, graduation rates, and placement rates; and (10) the adequacy of state regulation of proprietary vocational schools has become a national issue so that the New Jersey situation is not unique. (CML)