IN career school institutional bonds.
Flat 3%. $25,000 statutory.
Indiana’s proprietary career and technical schools must file an institutional surety bond with the Department of Workforce Development’s Office for Career and Technical Schools (OCTS). The statutory amount is $25,000 under IC 22-4.1-21 — we issue it at a flat 3% with no credit check.
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Apply to filed in one sitting.
No underwriting queue for the standard institutional bond — enter your amount, pay, and file with OCTS. Here is the whole thing:
Apply online
Your school’s details, the bond amount ($25,000 statutory), and the effective date — that is the entire application.
Issued on the spot
No credit check and no waiting — the executed bond is generated as soon as you pay. Larger amounts may get a quick review.
File with OCTS
Submit the executed bond with your accreditation application or renewal to the Office for Career and Technical Schools. Wet-ink originals mailed on request.
The whole pricing page.
Bond amount × 3% = your premium, one-time, $275 minimum. The statutory $25,000 bond is $750; enter your figure and the premium updates.
What it is and who needs it.
What the institutional bond actually guarantees
Indiana regulates non-degree, proprietary career and technical schools through the Department of Workforce Development’s Office for Career and Technical Schools (OCTS) under IC 22-4.1-21. Accreditation is conditioned on an institutional surety bond, payable to the State of Indiana.
The bond is a student-protection guarantee: it stands behind the tuition and fees students pay, so that if a school closes or fails to deliver the education it sold, students can be made whole. The statute sets the bond at $25,000 for the institutions it covers.
It is not insurance for the school — if the surety pays a claim, the school repays the surety. The bond is one piece of the OCTS financial-stability requirements (alongside the student assurance fund). We issue the amount your accreditation requires, at a flat 3% with no credit check.
You need this bond if you are
Five minutes, issued on the spot.
Submit the application with your required bond amount ($25,000 statutory) — the executed bond is generated instantly, ready to file with OCTS.
Start the application →Common questions.
If yours isn't here, the bond team can usually answer within the hour.
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Other New York bonds.
Institutional bond, issued today.
Five-minute application, flat 3%, $275 minimum. Enter your amount ($25,000 statutory) and file with OCTS the same day.