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Colorado private occupational school bonds.
From $100.

A Colorado private occupational school files a surety bond (or equivalent security) with the Division of Private Occupational Schools to protect students’ prepaid tuition. The amount tracks your unearned tuition under C.R.S. 23-64-121 — pricing starts from $100, and no credit check up to $25,000.

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Required to operate a CO private occupational school — initial approval and annually thereafter, under C.R.S. 23-64-121
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Amount equals your estimated maximum prepaid, unearned tuition and fees for the school training year
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No credit check up to $25,000 — above that, a soft pull at most, which never affects your score
From $100your exact price at application1% rateof your bond amount, $100 minNo credit check up to $25,000above that, a soft pull at most, never a hard inquiry
Trusted by industry leaders
New York City Economic Development Corporation (NYCEDC)
Blumenfeld Development Group (BDG)
Capital Development Partners
McKinney Properties
Terra Capital
JLL (Jones Lang LaSalle)
Triple Five Group
The Georgetown Company
New York City Economic Development Corporation (NYCEDC)
Blumenfeld Development Group (BDG)
Capital Development Partners
McKinney Properties
Terra Capital
JLL (Jones Lang LaSalle)
Triple Five Group
The Georgetown Company
Price

How much does a Colorado private occupational school bond cost?

1% of the bond amount, from $100. Enter your amount in the calculator for the exact price.

How it works

Three steps. One sitting.

No underwriting queue for the standard school bond — enter your amount, pay, and you have the executed bond. Here is the whole thing:

TODAY · ONLINE

Apply online

Your school details, the bond amount your unearned tuition requires, and the effective date — that is the application.

INSTANTLY

Issued on the spot

No credit check up to $25,000. Above $25,000, a soft pull may add a short review.

SAME DAY

File with the Division

Submit the executed bond with your application or annual renewal to the Division of Private Occupational Schools. Wet-ink originals mailed whenever the Division insists.

About this bond

What it is and who needs it.

What the school bond actually covers

Colorado regulates private occupational schools through the Division of Private Occupational Schools (Department of Higher Education), under C.R.S. Article 64 of Title 23. A school must file evidence of financial responsibility with its initial application and annually after — a surety bond is the most common form, alongside a savings account, CD, or letter of credit.

The protection is for students’ prepaid tuition. Under C.R.S. 23-64-121, the required amount equals the school’s estimated maximum prepaid, unearned tuition and fees for the applicable training year — so it scales with how much tuition you collect in advance. If a school closes mid-program, the bond backs refunds to students.

One fixed case: an agent’s permit to represent an out-of-state school requires a flat $50,000 bond. Whatever figure applies to you, pricing starts from $100 and no credit check up to $25,000 — and you re-file at the new amount when your unearned tuition changes.

C.R.S. 23-64-121Under C.R.S. 23-64-121, a private occupational school must file financial-responsibility security — commonly a surety bond — with the Division of Private Occupational Schools, in an amount equal to its estimated maximum prepaid, unearned tuition and fees for the applicable school training year. An agent’s permit to represent a school located outside Colorado requires a $50,000 bond. Confirm your required amount with the Division.

You need this bond if you are

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Opening a private occupational school — trade, vocational, technical, or career training in Colorado
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Renewing your annual approval with the Division of Private Occupational Schools
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Collecting tuition in advance so the bond must cover your unearned balance
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An agent for an out-of-state school needing the flat $50,000 agent-permit bond
After you buy

Claims, renewal, filing, and what sets the price.

If a claim is made

A claim comes from the party the bond protects, the obligee named on the form, when the duty the bond guarantees is not met.

The surety investigates and pays a valid claim, up to the bond amount. You then repay the surety: a surety bond is a guarantee of your performance, not insurance for you.

Renewal and term

The premium covers a one-year term from the effective date you choose.

Renew before the expiry date to keep the bond in force: the license, permit or contract it backs expects continuous coverage.

How to file it

File with the Division. Submit the executed bond with your application or annual renewal to the Division of Private Occupational Schools. Wet-ink originals mailed whenever the Division insists.

What sets the price

The premium is 1% of the bond amount, $100 minimum: the amount the obligee sets moves the price, not your business profile.

No credit check up to $25,000. Above that, the carrier may run a soft pull, which never affects your score.

Where a check runs, it decides approval; the rate is the same for everyone approved.

One application, issued on the spot.

Submit the application with your required bond amount — the executed bond is generated instantly, ready to file with the Division.

Start the application →
FAQ

Common questions.

How much is the Colorado private occupational school bond?Pricing is 1% of the bond amount, $100 minimum. The amount itself equals your estimated maximum prepaid, unearned tuition and fees for the school year, so it scales with how much tuition you collect up front. Enter that figure and your exact price appears at the application.
How is the bond amount determined?Under C.R.S. 23-64-121, it’s your estimated maximum prepaid, unearned tuition and fees for the applicable training year. The Division of Private Occupational Schools confirms the figure during approval. Out-of-state agent permits are a flat $50,000.
Is there a credit check?No credit check up to $25,000. Above that, the carrier may run a soft pull, which never affects your score. Most applications approve instantly.
Can I use something other than a bond?Yes — the statute accepts a surety bond, savings account, certificate of deposit, or irrevocable letter of credit. A surety bond is usually the cheapest option, since your premium is a small fraction of the bond amount rather than tying up the full amount in cash or bank collateral.
What if my unearned tuition changes?You re-file at the updated amount. Because the bond tracks prepaid tuition, the figure is reviewed annually and adjusted — we re-issue at the new number.
Which A-rated carriers underwrite these bonds?Typically Arch Insurance Company (A.M. Best A+) or Nationwide Mutual Insurance Company (A.M. Best A). Which one writes your bond depends on the bond type and your state. The carrier's name and official signature are printed on the bond you receive.
How do I contact Light RFP about this bond?Email insurance@lightrfp.com. It reaches the bond team at Light RFP Risk Management Services LLC (NY DFS License # PC-1978982). Write to us about quotes, applications, bond forms or certificates. We will respond within 24 hours.
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