Password is visible in online sign up form

I am about to sign up for an online school, which is an accredited statewide online school, and notice that the password they want me to enter is fully visible on the form. Should I be concern about their information security? Does a form like this indicates that the way the way the school protects students’ data is not secure, such as storing password verbatim rather than something like one-way hash?

If such forms violate established data security practices, what document(s) should I refer to the school’s IT people regarding that?

Online sign-up form