Nonpublic Postsecondary Educational Institution Bond
Nonpublic Postsecondary Education bonds guarantee that principals will reimburse students/tuition payers for tuition and other fees if the school cannot deliver services for which it was contracted. These bonds are required by some state commissions to comply with State licensing requirements bond amounts very by state and are determined by the school’s amount of gross tuition during the previous year. If the school is a new establishment, the required bond amount is based on the amount of estimated gross tuition for the current year.
As a national bond broker with a full line of commercial surety bonds, Allstar Surety makes applying for a Nonpublic Postsecondary Education bond easy. We’ll help your insured obtain a Nonpublic Postsecondary Education bond from us quickly, and at a competitive price.