Hawaii private college bonds.
Apply for your quote.
A Hawaii private college or university that cannot otherwise demonstrate financial integrity files a surety bond with the DCCA to receive authorization, protecting students’ prepaid tuition under HRS 305J-14. We quote your premium after a quick review of your required amount.
Trusted by industry leaders
How much does a Hawaii private college bond cost?
It is underwritten: the premium is quoted from the bond amount and your financial picture, so there is no flat price to show.
Apply to filed, quickly.
The standard HPEAP bond is priced on review, not a flat formula — enter your amount, get your quote, and file with the DCCA. Here is the whole thing:
Apply online
Your institution details, the bond amount your authorization requires, and the effective date — that is the entire application. It collects no credit information upfront.
Quoted and issued
We review your application and return your quoted premium. Accept and pay, and your executed bond is issued.
File with the DCCA
Submit the executed bond, in favor of the State, with your HPEAP authorization or reauthorization. Wet-ink originals mailed whenever the office insists.
What it is and who needs it.
What the HPEAP bond actually covers
Hawaii authorizes private colleges and universities through the Post-Secondary Education Authorization Program (HPEAP) under HRS chapter 305J, administered by the Department of Commerce and Consumer Affairs. An institution must demonstrate financial integrity at the time of application — and if it cannot, it files a surety bond in favor of the State before receiving authorization.
The bond is a student-protection guarantee: it is conditioned to indemnify any student (or a parent or legal guardian) whom the director finds to have suffered a loss of tuition or fees from a violation of the chapter. If the institution ceases operation, the director may demand payment for refunds or alternative enrollment.
Under HRS 305J-14 the bond is at least $50,000, recalculated annually as a reasonable estimate of the maximum prepaid, unearned tuition and fees the institution holds. The bond runs concurrently with the authorization period. Confirm your figure with the DCCA, then apply — we quote your premium after a quick review, and the application collects no credit information upfront.
You need this bond if you are
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
Term and renewal are set in the underwriter's quote.
Keep the bond in force for as long as the obligation behind it runs.
How to file it
File with the DCCA. Submit the executed bond, in favor of the State, with your HPEAP authorization or reauthorization. Wet-ink originals mailed whenever the office insists.
What sets the price
This bond is underwritten: the premium is quoted from the bond amount and your financial picture, so there is no flat price to show.
One application, quoted quickly.
Submit the application with your required bond amount — we return your quoted premium, typically within one business day, then issue your bond ready to file with the DCCA.
Start the application →Common questions.
Other Hawaii bonds.
Requirements checked on the carrier’s application, . Page updated .
HPEAP bond, quoted quickly.
Premium quoted after a quick review. Enter your required amount and file with the DCCA the same day on approval.