Georgia Postsecondary Educational Institution Bond

A Georgia Postsecondary Educational Institution Bond is a type of surety bond required by the Georgia Nonpublic Postsecondary Education Commission. The bond amount is determined by the school’s annual tuition revenue, ranging from $20,000 to $200,000. The cost of the surety bond is usually between 1% and 3% of the bond amount. Surety1 will shop its many markets to procure the right price at the right terms.

How to Get a Georgia Nonpublic Postsecondary Educational Institution Bond

At Surety1.com we make it easy to obtain this surety bond. Our simple, three step process is:

1. Complete the easy to navigate and secure online application. ¹
2. Review the free, no obligation quote from one of Surety1’s professional surety bond agents, usually within one business day. ²
3. Sign some paperwork and pay the bond premium

Once these steps have been completed, the Georgia Postsecondary Educational Institution Bond will be shipped to the bond applicant.
^{1 -The name of the applicant on the surety bond application must match exactly the full legal business name of applicant for the license.
2- Subject to underwriter approval, based on aggregate surety bond exposure, additional underwriting information may be required}

Surety1.com is a service of AssuredPartners one of the largest and fastest growing insurance agencies in the nation. Representing over a dozen surety bond companies, Surety1.com is the premier online provider of surety bonds nationwide since 2003.

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What is the amount of the Surety Bond?

The amount of your surety bond will be based on the tuition and fees (after refunds) received by the institution:

Total Tuition and Fees	Minimum Bond Amount
$0-$50,000	$20,000
$50,001 - $100,000	$30,000
$100,001- $200,000	$50,000
$200,001 - $300,000	$75,000
$300,001 - $400,000	$100,000
$400,001 - $500,000	$150,000
$500,001 and over	$200,000

What are the requirements to operate as a Nonpublic Postsecondary Educational Institution in Georgia?

The Institutional Proposal for GNPEC Authorization must be submitted to the Deputy Director. If approved after an initial interview, applicants will be given access to Edvera, which is the online portal. The following must be prepared for the application process:

1. A Georgia Nonpublic Postsecondary Educational Institution Bond
2. Basic institutional information (Web form)
3. Minimum Standards Form (GNPEC document requiring completion and upload)
4. New Program Application for each proposed program (Web form)
5. Entrance requirements description (Exhibit)
6. Entrance information provided to students (Exhibit)
7. Enrollment Agreement/Student Contract (Exhibit)
8. Educational goals for the institution (Exhibit)
9. Certificate or diploma example (Exhibit)
10. Statement of business practices and advertising policies (Exhibit)
11. Description of facilities and equipment (Exhibit)
12. Description of placement services (Exhibit)
13. Current catalog (Exhibit)
14. Occupancy Permit (Exhibit)
15. Complaint Procedure (Exhibit)
16. Refund Policy (Exhibit)
17. Description of Learning Resource System (Exhibit)
18. Organizational Chart (Exhibit)
19. New Agent Permit Application(s) (Web form)
20. Personnel Data Inventory Form(s) (Web form)
21. Records Agreement (Attestation)
22. Director’s Agreement (Attestation)
23. Financial Statement (GNPEC document requiring completion and upload)
24. Current Bank Statement
25. Preliminary Bond Approval Letter (Exhibit)
26. Tuition information with estimations for the first fiscal year of operation (Web form)
27. Payment of fees

More information about these application requirements and processes can be found on the GNEPC website.

The information provided above is for general informational purposes only and does not constitute legal advice.  Do not rely solely on the information presented here as a substitute for professional legal counsel.