Minnesota school records bonds.
From $100.
Minnesota requires a private career school to back its student academic records with a continuous surety bond under Minn. Stat. 136A.822, subd. 12 — separate from the school’s tuition performance bond. This is the partnership version. The statute caps the amount at $20,000; pricing is 1% of the bond amount, with a $100 minimum.
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How much does a Minnesota school records bond cost?
1% of the bond amount, from $100. Enter your amount in the calculator for the exact price.
Three steps. One sitting.
No underwriting queue for the standard records bond — enter your amount, pay, and file with the Office of Higher Education. Here is the whole thing:
Apply online
Your school details, the records-bond amount the office set, and the effective date — that is the application.
Issued on the spot
No credit check up to $25,000, and most schools are approved instantly — the executed bond is generated as soon as you pay.
File with the Office of Higher Education
Submit the executed bond with your private career school registration or renewal. Wet-ink originals mailed whenever the office insists on them.
What it is and who needs it.
What the records bond actually covers
Minnesota licenses private career schools through the Office of Higher Education under Minn. Stat. ch. 136A. Beyond the tuition performance bond every school files, Minn. Stat. 136A.822, subd. 12 requires a separate continuous surety bond (or irrevocable letter of credit) standing behind the school’s student academic records.
Schools must keep permanent student records for 50 years from a student’s last date of attendance. If a school closes, this bond lets the office retrieve, recover, maintain, digitize, and destroy academic records — so students can still get transcripts after the doors close. The statute caps the bond at $20,000, and a school with an approved binding records agreement may file less.
This is the partnership version of the records bond — the partnership is the principal. It is not insurance for the school: if the office draws on the bond, the surety can recover from the principal. Enter the amount the office set; pricing starts from $100, and no credit check up to $25,000.
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
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 Office of Higher Education. Submit the executed bond with your private career school registration or renewal. Wet-ink originals mailed whenever the office insists on them.
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 records-bond amount — the executed bond is generated instantly, ready to file with the Office of Higher Education.
Start the application →Common questions.
Other Minnesota bonds.
Price and requirements checked on the carrier’s application, . Page updated .
Records bond, issued today.
Pricing from $100. Enter the amount the office set and file the same day.