The Idaho Private Trade Schools Bond is required by the State of Idaho, Board of Education. Schools will be required to notify their surety company when student enrollment changes the bond amount.
The bond amount should be as follows:
$10,000 – if the school submits evidence acceptable to the board through an Idaho Licensed CPA Audit that the institution’s total annual tuition received from any source is less than ten thousand dollars a year.
$25,000 – for those schools with less than fifty students
$50,000 – for those schools with less than ninety-nine students
$100,000 – for those schools with one hundred or more students