What is a Private School Bond?
Definition: A private school bond is a broad term for a variety of surety bonds that many private schools, vocational schools, driving schools, cosmetology schools, and others need to obtain. These bonds are often required by a state’s Department of Education or other institutions governing schools.
Typically, these bonds are there to protect the rights of students and provide them with certain guarantees. Bryant Surety Bonds has great programs in place that allow us to write almost all private school bonds freely.
Depending on the type of school that is obtaining the bond, guarantees may vary. Private school bonds may, for example, guarantee that students will be compensated for tuitions paid in the case of a private school closing down due to poor management of finances. A driving school bond, on the other hand, guarantees that the school will not engage in fraud and cause financial losses to people taking driving instruction there.
Private school bonds are license and permit bonds. This means that regardless of the type of school, the bonds need to be obtained when the school is applying to obtain a license, before it can open its doors. This is part of the licensing requirement in most states, but bond principals who need to get bonded always have to check with obligees (government institutions) about the particular details to getting licensed as a school and the amount of their private school bond.
Find the Bond You Need
The table below contains a list of only the most popular surety bonds. If you can't find yours, fill out our online application and select "Not in the list".
|Alabama||Private School Performance Bond||Department of Post Secondary Education||Apply Now|
|Alabama||Private School Agents||Department of Postsecondary Education||Apply Now|
|Alabama||School Property Bond||Board of Cosmetology||Apply Now|
|Alaska||Educational Institution Bond||ACPE/Alaska commission on postsecondary education||Apply Now|
|Arizona||Private Postsecondary Education Bond||Arizona State Board for Postsecondary Education||Apply Now|
|Arizona||Cosmetology School Bond||Arizona State Board of Cosmetology||Apply Now|
|California||Driving School Owner or ATV Safety Training Org Pr||Department of Motor Vehicles||Apply Now|
|California||Home Study Traffic School||Traffic Violator School Monitoring Division - LA||Apply Now|
|California||Traffic Violator School (TVS) Owner||Department of Motor Vehicles||Apply Now|
|California||TRAFFIC VIOLATOR SCHOOL (TVS) OWNER BOND||Department of Motor Vehicles||Apply Now|
|Colorado||COLORADO – BOND OF PRIVATE OCCUPATIONAL SCHOOLS||Division of Private Occupational Schools||Apply Now|
|Colorado||Third Party Testing-Examiner Bond||Department of Revenue||Apply Now|
|Colorado||Out of State Private Occupational School Agent Bon||Division of Private Occupational School||Apply Now|
|Connecticut||Driving Schools Bond||Department of Motor Vehicles||Apply Now|
|Delaware||Private Business and Trade School Contract||DE Dept. of Education||Apply Now|
|Florida||Private Educational Institution Bond||Florida Dept of Education||Apply Now|
|Florida||Schools (All) Bond||Florida Dept of Education||Apply Now|
|Florida||Traffic School Bond||Florida Department of Highway Safety and Motor V||Apply Now|
|Florida||Nonpublic Postsecondary Education Institution Bond||Florida Department of Education||Apply Now|
|Georgia||NonPublic Post Secondary Education Institution||Nonpublic Postsecondary Education Commission||Apply Now|
|Georgia||Driver Training School||Georgia Department of Driver Services||Apply Now|
|Georgia||Driver Improvement Clinic||Georgia Department of Driver Services||Apply Now|
|Georgia||DUI, Alcohol Or Drug Use Risk Reduction Program||Georgia Department of Driver Services||Apply Now|
|Georgia||Driver Training School||Georgia Departmemt of Driver Services||Apply Now|
|Hawaii||Private Trade, Vocational or Technical School Bond||Dept of Education Community Education Center||Apply Now|
|Hawaii||Prelicense Real Estate School and Continuing Edcua||Dept of Commerce and Consumer Affairs||Apply Now|
|Idaho||Private Trade Schools||Board of Education||Apply Now|
|Illinois||Private Business and Vocational School||IL State Bd of Ed||Apply Now|
|Illinois||CDL School Bond||Secretary of State Commercial Driver Training||Apply Now|
|Illinois||Driver Services||State of IL Secretary of State Driver Services Dep||Apply Now|
|Illinois||Private Business & Vocational Schools Blanket Sure||State Board of Education||Apply Now|
|Illinois||Schools Bond||Illinois Board of Higher Education||Apply Now|
|Indiana||Institutional Surety Bond||Commission on Proprietary Education||Apply Now|
|Iowa||Instructional School||State of Iowa||Apply Now|
|Kansas||Truck Driving School||Kansas Board of Regents||Apply Now|
|Kansas||Private or Out-Of-State Institutions||Kansas Board of Regents||Apply Now|
|Kansas||Private School License Bond||Kansas Board of Regents||Apply Now|
|Kentucky||Blanket Agent||State Board for Proprietary Education||Apply Now|
|Kentucky||School||Kentucky Proprietary Board Education||Apply Now|
|Louisiana||Blanket Bond for Solicitors (School)||State of Louisiana Board of Regents||Apply Now|
|Louisiana||Proprietary School Certificate of Registration Bon||State of Louisiana Board of Regents||Apply Now|
|Louisiana||Privately Owned Driving School Bond||Office of Motor Vehicles||Apply Now|
|Maryland||Institution of Postsecondary Education||MD Higher Education Commission||Apply Now|
|Maryland||Surety Bond of Information Requestor Driver/Vehicl||MD Motor Vehicle Administration||Apply Now|
|Maryland||Schools (All) Bond||MD Higher Education Commission||Apply Now|
|Maryland||Driver Education Program||Motor Vehicle Administration||Apply Now|
|Maryland||Private Career School||Maryland Higher Education Commission||Apply Now|
|Maryland||Private Career School Bond||Maryland Higher Education Commission||Apply Now|
|Massachusetts||Driving School Bond||Massachusetts Registry of Motor Vehicles||Apply Now|
|Massachusetts||Private Occupational School Bond||MA Dept of Elementary and Secondary Education||Apply Now|
|Massachusetts||Board of Registration of Cosmetologists School||Massachusetts Board of Cosmetology||Apply Now|
|Massachusetts||Board Of Registration Of Real Estate Brokers and S||MA Real Estate Board||Apply Now|
|Massachusetts||Cosmetology School||State of Massachusetts Board of Cosmetology||Apply Now|
|Michigan||Driver Education Provider||Michigan Department of State||Apply Now|
|Michigan||Office of Postsecondary Services - Proprietary Sch||Mich Dept Energy, Labor, Economic Growth||Apply Now|
|Michigan||School of Cosmetology||State of Michigan-Board of Cosmetology||Apply Now|
|Michigan||Basic Driver Improvement Course Sponsor Bond||Michigan Department of State||Apply Now|
|Minnesota||MINNESOTA DEPARTMENT OF TRANSPORTATION||Department of Transportation||Apply Now|
|Minnesota||Private School Bond||Minnesota Office of Higher Education||Apply Now|
|Minnesota||Commercial Driver Training School Bond||MN Driver and Vehicle Services||Apply Now|
|Mississippi||Commission on Porprietary School and College Regis||Mississippi Commission on Proprietary School & Col||Apply Now|
|Mississippi||Commission on Proprietary School and College Regis||MS COMMISSION ON PROPRIETARY SCHOOL & COLLEGE REG.||Apply Now|
|Missouri||Proprietary School||MO Coordinating Board for Higher Education||Apply Now|
|Nebraska||Private Postsecondary Career School Bond||Nebraska Department of Education||Apply Now|
|Nebraska||Approved Training Agency Bond||Nebraska Department of Health & Human Services||Apply Now|
|Nebraska||Training Agency Bond||Department of Health and Human Services||Apply Now|
|Nevada||Private Postsecondary Educational Institution Lice||Commission On Postsecondary Ed||Apply Now|
|Nevada||Private Elementary and Secondary School License/So||Department of Education||Apply Now|
|Nevada||Drive School Bond||Nevada - Occupational and Business Licensing||Apply Now|
|New Hampshire||Career School Licensing||New Hampshire Post-Secondary Education Commission||Apply Now|
|New Jersey||School||Commissioner, NJ Department of Labor and Workforce||Apply Now|
|New Jersey||Private School||Department of Labor||Apply Now|
|New Jersey||Driving School Bond||NJ Motor Vehicle Commission||Apply Now|
|New Jersey||School Bond -Workforce Development||NJ Department of Labor and Workforce||Apply Now|
|New Jersey||Tuition Surety||County of Middlesex - Dept of Workforce Devp||Apply Now|
|New Mexico||Driver Training School||DOT - Traffic Safety Bureau||Apply Now|
|New Mexico||Private Postsecondary Institution Bond||New Mexico Higher Education Department||Apply Now|
|North Carolina||Community College License Bond||State Board of Community College||Apply Now|
|North Carolina||Commercial Driver Training School and Instructors||NC Division of Motor Vehicles||Apply Now|
|North Carolina||Barber School Guaranty Bond||Board of Barber Examiners||Apply Now|
|North Carolina||Cosmetic Art Examiners Guaranty||State Board of Community College||Apply Now|
|North Carolina||Private School Bond||North Carolina State Approving Agency||Apply Now|
|Ohio||Board of Cosmetology||Ohio State Board of Cosmetology||Apply Now|
|Ohio||Surety Bond of Driving School||State of Ohio Driving School Bond||Apply Now|
|Ohio||Department of Public Safety Driving School||OH Dept of Public Safety||Apply Now|
|Ohio||Private Driving Training School Bond||Ohio Department of Public Safety||Apply Now|
|Oklahoma||Parent Taught Driver Education Provider Bond||OK Department of Public Safety||Apply Now|
|Oklahoma||Private School Bond||Oklahoma Board of Private Vocational Schools||Apply Now|
|Oregon||Continuing Education Provider Bond||Construction Contractors Board||Apply Now|
|Pennsylvania||PRIVATE LICENSED SCHOOL SURETY||Commonwealth of PA - Dept of Education||Apply Now|
|Pennsylvania||Barber Examiners Barber School||Pennsylvania State Board of Barber Examiners Barbe||Apply Now|
|Pennsylvania||Private Academic Schools||Commonwealth of Pennsylvania Dept of Education||Apply Now|
|Pennsylvania||Real Estate Education Provider Bond||Commonwealth of PA - Dept of State||Apply Now|
|South Carolina||Commercial Driver Training School Surety||Dept of Motor Vehicles Driver Improvement Office||Apply Now|
|South Carolina||Nonpublic Postsecondary Institution||Commission on Higher Education||Apply Now|
|South Carolina||Cosmetology School||State Board Of Cosmetology||Apply Now|
|Tennessee||Private School Bond (Cosmetology)||Tennessee Board of Cosmetology||Apply Now|
|Tennessee||Postsecondary Educationall Institutions Bond||Tennessee Higher Education Commission||Apply Now|
|Tennessee||Postsecondary Educationall Institutions Bond||Tennessee Higher Education Commission||Apply Now|
|Texas||Driver Education School||Texas Education Agency||Apply Now|
|Texas||Real Estate School||Texas Real Estate Commission||Apply Now|
|Texas||Driver Education School Bond||TEXAS EDUCATION AGENCY||Apply Now|
|Utah||Post-Secondary Proprietary School||Utah Division of Consumer Protection||Apply Now|
|Virginia||Driver Training School||Department of Motor Vehicles||Apply Now|
|Virginia||State Council School||State Council of Higher Education for Virginia||Apply Now|
|Washington||SURETY BOND - DEGREE-GRANTING INSTITUTIONS||Washington Higher Education Coordinating Board||Apply Now|
|Washington||Cosmetology, Barbering, Esthetics, and/or Manicuri||Washington Department of Licensing||Apply Now|
|West Virginia||Private Vocational School||State of West Virginia||Apply Now|
|Wisconsin||BARBERING & COSMETOLOGY SCHOOL OR SPECIALTY SCHOOL||State of Wisconsin Department of Regulation and Li||Apply Now|
|Wisconsin||Driver School||Wisconsin Dept of Transportation||Apply Now|
|Wisconsin||Private School||WI Educational Approval Board||Apply Now|
Private School Bonds Cost
The cost of a private school bond depends on the specific type of private school bond you are obtaining and the state you are obtaining it in. Amounts for private school bonds, i.e. the maximum amount of backing, vary from state to state and are usually determined by local governments.
For example, non-degree-granting private schools in Alabama need to post a $20,000 private private school bond, while degree-granting private schools need to post a $50,000 private school bond. In comparison, private school bonds in Maryland don’t have fixed amounts, because these are linked to the amount of tuition the school receives and are determined on a case-by-case basis.
In determining the cost of a private school bond, which is a percentage of the bond amount, sureties usually take into account the financial stability and health of applicants.
Personal credit score is, without doubt, the most important factor that sureties take into consideration when determining the rate of your private school bond. Most sureties also want to have a look at your business and personal financial statements before issuing your bond.
Based on your credit score, you may expect to receive one of the following premium rates:
Applicants with good credit score are usually offered better rates, between 1%-4% of the total amount of their bond. In other words, for a $20,000 Alabama surety bond, you can expect your premium to be between $200 and $800.
Furthermore, the rate that you will be offered also depends on the company you’re working with. Bryant Surety Bonds is among the best surety producers in the country. We work only with A-rated and T-listed surety bond companies which provides us access to exclusive rates on all private school bonds. By working with us, you are guaranteed to get the best rates in your state.
To learn more about how the rate of your private school bond will be determined, have a look at our surety bond cost page. There you can find out in detail what influences an applicant’s premium rate.
Bad Credit Private School Bond Program
We offer applicants with bad credit or other financial difficulties the possibility to get a private school bond. This is possible through our expert Bad Credit Surety Bond Program through which we have access to plenty of markets for high-risk applicants.
Due to the nature of issuing such bonds rates under this program are between 5%-8%, slightly higher than standard market rates. This is necessitated by the fact that there is a heightened risk in bonding such applicants. Regardless of your credit score, though, we guarantee to find the best rate for your private school bond!
How to Get Your Private School Bond
Simply apply online to get the surety bond you need. We will look at your application and the type of private school bond you need and get back to you with a free quote. The rest is simple and straightforward!
If you don’t know exactly what kind of private school bond you need or experience other difficulties - call us at 866.450.3412. We have plenty of experience in underwriting private school bonds and will gladly assist you or respond to any questions you may have!