What is a Postsecodary School Bond?

First, know the difference between a Secondary and a Postsecondary School.

 Secondary schools (Private High Schools) are federally governed establishments that grant free public education for all, specifically special education.  Is some states, these schools are required to provide a Postsecodary School Bond.

Postsecondary Schools (Private Colleges or Universities) are also governed federally, and guarantee the education of any qualified person with a disability, who meets the entry-level age criteria of the college, without discrimination by any program or activity provided by the school.  Schools that require these bonds are both degree and non-degree, falling under the blanket of academic, trade, technical, career, professional and out-of-state. Most government agencies only require bonds for schools that are proprietary and for-profit, but it isn’t unheard of for non-profit institutions to be bonded as well.

Now, why do I need a Post Secondary School Bond?

Post Secondary School bonds are license and permit bonds that are required by the government. While federally regulated, each state has its own set of requirements for their Postsecondary Bonds. When applying for your bond, the State will inform you of the amount the bond should be for, generally determined by the schools amount of gross tuition during the previous year.

 These bonds are put in place to insure that the College will not engage in illegal activity, such as closing the school without refunding all students tuition.

Currently, the states that require Postsecondary School Bonds are as follows:

• Arizona
• Alaska
• Florida
• Georgia
• Maryland
• Nebraska
• Nevada
• New Mexico
• South Carolina
• Tennessee
• Utah

Now that you know all about Postsecondary School bonds, you can apply for one here, on our website!