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Private School Bonds

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  • Lowest rates in all states
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Private School Bonds Explained

Private school bonds are a category of surety bonds which are required in some states, from a variety of schools which offer private tuition. There are literally dozens of different types of school bonds a principal can be required to obtain. They can range from driving school or cosmetology school, to private business and vocational school bonds.

What exactly is guaranteed by each private school bond will vary, but most bond forms include some sort of protection of the contractual and statutory rights of students. The bonds usually guarantee that tuition fees paid in advance by students are protected, in case the school closes prematurely or fails to fulfill their contractual obligations towards its students.

Ready to apply? Find the bond you need in the table below and start your online application. If you wish to learn more about this type of bonds, continue reading the sections below.

Need help? Simply call us at (877) 514-5146 and let us know what we can do for you.

Find Your Surety Bond

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

Questions about School Bonds

How much does a private school bond cost?

Each school bond is different, so there is no simple answer to this question. Each type of private school bond has a different total amount, which refers to the maximum coverage it offers. State set their own amounts for each bond. For example, Louisiana requires a $10,000 surety bond, while in Minnesota it can range between $10,000 and $250,000. Bond amounts in some states may be based on factors such as number of locations or total sum of collected tuition fees.

Private schools pay only a percentage of these amounts, known as the “bond premium.” These are not determined by the state, however, but by the surety bonds company which underwrites them. Bonding companies evaluate each application to assess the risk they undertake when signing a bond for that particular private school. Mostly, they look into the personal credit score of the owners, to predict a school’s likelihood of triggering a claim. Factors such as financial strength are also seriously considered, because they show that a private school will be able to pay their claims should they happen.

Applicants with good credit usually pay premiums no higher than 4%. To learn about other factors influencing bond premiums, go to our What Does a Surety Bond Cost? Page.

Can I get a private school bond with bad credit?

The risk for surety underwriters is higher when the applicant has bad credit or no credit history. Depending on the particular situation, some bonding companies may refuse to get bad credit applicants bonded, if they deem the financial risk too high.

Lance Surety Bonds successfully gets 99% of applicants bonded. You may be asked to disclose financial documentation, and you premium will be higher: normally between 5% and 10%. Our agents can help you with building a strong application which surety bonds company will accept and examine more favorably. Read more about our bad credit surety bonds program.

How does the application process work?

To apply for a private school bond, you’ll need to complete our online application. Based on the information you provide, we’ll let you know what else we will need in order to process your bond request.

Approval times rarely take more than 48 hours, so you can receive your bond form in just a few business days.

How are bond claims handled?

Depending on the specific language of your private school bond, you may be liable for a claim. The usual scenario involves not fulfilling contractual obligations towards students, such as closing down prematurely. If that’s the case, and a valid claim is made against you, the surety bonds company is responsible for making good on the claim and compensating the claimant. The maximum compensation that can be awarded to claimants is the total amount of the bond.

However, you will be responsible for compensating the surety in full afterwards as per the indemnity agreement you’re required to sign.

It’s best to stay away from claims because they can be very expensive, and prevent you from renewing your school’s permit.

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About Us

Lance Surety Bonds
Lance Surety Bond Associates, Inc. is a Pennsylvania-based surety bond agency that offers bonding at competitive rates in all 50 states. Established in 2010, our company has grown to become one of the top online bond producers in the country. Working exclusively with A-rated and T-listed bonding companies gives us the confidence to offer a 100% money-back guarantee. read more

What Our Clients Have To Say?




Kimberlee Ables
Quick response times and turn around for issuing bonds. Great customer service and very knowledgeable. We have used Lance Surety multiple times and have never been disappointed. Highly recommend them and Collette!
Andrew Poincot
Long story short, these guys cut through the B.S. and get the job done. Responsiveness, excellent! Communication, excellent! Respect for their industry partners, excellent! John, Collette, Ryan, you're all-stars! Thank you!
Margie Martinez
We decided for Lance Surety Bond's quote for 2 reasons; Price and Customer Service. Our Representative Ryan was just SUPERB!! [...] I highly recommend Lance Surety Bond for all your Bonding needs! I'll definitely come back for all of mine. :-) Thanks Ryan!

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