MI proprietary school bonds.
Flat 3%. Enter your amount.
Michigan requires a private trade, business school, institute, or correspondence school to provide evidence of surety that indemnifies students if the school closes before they can finish. We write it at a flat 3% with no credit check — enter the amount the department set and the premium updates.
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Apply to filed in one sitting.
No underwriting queue for the standard proprietary school bond — enter your amount, pay, and file. Here is the whole thing:
Apply online
Your school details, the surety amount the department set, 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 LARA
Submit your evidence of surety before the June 30 expiration so your proprietary school license stays valid. Wet-ink originals mailed on request.
The whole pricing page.
Bond amount × 3% = your premium, one-time, $275 minimum. Enter the surety amount the department set and the premium updates.
What it is and who needs it.
What the proprietary school bond covers
Michigan regulates private, for-profit schools — trade schools, business schools, institutes, and correspondence schools — under the Proprietary Schools Act (Act 148 of 1943), administered by LARA. To be licensed, a school must provide evidence of surety.
The surety is conditioned to indemnify a student who suffers loss because of an inability to complete an approved course or program due to the closing of the school (MCL 395.102b). In other words, it protects tuition dollars when a school shuts down mid-program.
The amount is determined by department rule, and the surety expires on June 30 following issuance — the school must submit proof of renewal before then, or its license is invalid. We issue whatever amount the department set 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 the surety amount the department set — the executed bond is generated instantly, ready to file with LARA.
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.
Proprietary school bond, issued today.
Five-minute application, flat 3%, $275 minimum. Enter the department amount and file before June 30.