A new Louisiana academic degree-granting institution must file a $10,000 surety bond with the Board of Regents to be licensed. Ours is $300 flat — 3% of the bond amount. The application is five minutes, with no credit check on this bond.
















License bonds are the simplest thing in surety. Here's the entire process:
Institution details and an effective date. That's the application — no credit check section on this bond.
Bonds like this are among the thousands of bond types that issue right after purchase. At most, 1–2 business days.
Your executed bond and power of attorney arrive by email, ready to file with your institutional licensure application. Wet-ink original mailed on request.
$10,000 bond × 3% = $300, one-time per term. Fixed amount, fixed price, multi-year if you want it.
Louisiana licenses academic degree-granting institutions through the Board of Regents under La. R.S. 17:1808 (the academic-institution licensure law — distinct from the proprietary-school law that governs non-degree career schools). A new, Louisiana-domiciled unaccredited institution must post a surety bond to cover the period of its license.
The bond is a student-protection guarantee, set at $10,000 for a new institution. It backs the institution's obligations to its students — protecting against losses such as the school ceasing operations before students complete their program, or failing to meet its contractual and record-keeping duties.
It is a three-party arrangement: the institution (the principal), the surety, and the Board of Regents (the obligee), with students as the protected parties. If the surety pays a student claim, the institution repays the surety. We issue the $10,000 bond at a flat 3% with no credit check.
These are the actual issuing fields — no credit check section, because this bond doesn't have one.
Start the application →If yours isn't here, the bond team can usually answer within the hour.
$300 flat, five-minute application, bond often issued in the same sitting. Free until issued.