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!


About the author:
Todd Bryant
Todd Bryant is a graduate of Germantown Academy and the University of Pittsburgh College of Business Administration Honors College. He has been President of Bryant Surety Bonds, Inc., an A+ rated Business with the Better Business Bureau, since 2007. Licensed as a producer with the Department of Insurance, he has been published in the National Association of Surety Bond Producers newsletter and on numerous authoritative publications such as The Washington Post, Entrepreneur.com, Azcentral.com and many more.