MN career school records bonds.
Flat 3%. Enter your amount.

Minnesota can require a licensed private career school to file a student records-retention bond with the Office of Higher Education, so academic records are preserved if the school closes. This is the version where the school corporation is the bonded principal. The amount runs up to $20,000 — enter it and we issue at a flat 3% with no credit check.

Filed with the Minnesota Office of Higher Education under Minn. Stat. 136A.822, subd. 12
Funds retrieval and preservation of academic records if a private career school closes
Amount up to $20,000 — flat 3%, $275 minimum, no credit pull
Flat 3%of your bond amount$275minimum premiumNo creditcheck to issue
Trusted by industry leaders
NYCEDC
BDG
Capital
McKinney
Terra
JLL
Triple Five
Georgetown
NYCEDC
BDG
Capital
McKinney
Terra
JLL
Triple Five
Georgetown
How it works

Apply to filed in one sitting.

No underwriting queue for the standard records bond — enter your amount, pay, and file with the OHE. Here is the whole thing:

TODAY · 5 MINUTES

Apply online

Your school details, the bond amount the OHE required, and the effective date — that is the entire application.

INSTANTLY

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.

SAME DAY

File with the OHE

Submit the executed bond to the Office of Higher Education with your private career school registration. Wet-ink originals mailed whenever the office insists.

The whole pricing page.

Bond amount × 3% = your premium, one-time, $275 minimum. The statute caps this bond at $20,000 — enter your figure and the premium updates.

$5,000 bond
$275
$10,000 bond
$300
$20,000 bond
$600
About this bond

What it is and who needs it.

What the records bond actually covers

Minnesota licenses private career schools through the Office of Higher Education (OHE) under Minn. Stat. Chapter 136A. Separate from the performance bond that protects student tuition, Minn. Stat. 136A.822, subd. 12 provides for a student records-retention bond — required when a school does not have a binding agreement in place to preserve its records.

The records bond runs to the state of Minnesota and funds the work of retrieving, recovering, maintaining, digitizing, and ultimately destroying academic records if the school closes. Minnesota requires academic records to be preserved long after a student attends, so the state needs a funded way to take custody of them on a closure.

The statute sets the amount at not to exceed $20,000, with the exact figure set by the OHE. This is the corporate-principal version — the school entity is the named principal. Enter the amount on your notice and we issue the bond at a flat 3% with no credit check.

Minn. Stat. 136A.822, subd. 12Minnesota Statutes 136A.822, subdivision 12, provides that where a private career school lacks a binding records-preservation agreement, a continuous surety bond or irrevocable letter of credit in an amount not to exceed $20,000 must be filed with the Office of Higher Education, running to the state of Minnesota, to fund the retrieval, recovery, maintenance, digitization, and destruction of academic records if the school closes. This is separate from the performance bond under the same section. Confirm your required amount with the OHE.

You need this bond if you are

A private career school organized as a corporation filing the records bond in the entity name
Registering or renewing with the OHE and asked to post the records-retention bond
Without a records-preservation agreement that would otherwise satisfy subd. 12
Replacing a lapsing records bond or letter of credit on file with the OHE

Five minutes, issued on the spot.

Submit the application with the bond amount the OHE set (up to $20,000) — the executed bond is generated instantly, ready to file.

Start the application →
FAQs

Common questions.

If yours isn't here, the bond team can usually answer within the hour.

How much is the Minnesota private career school records bond? +
The premium is a flat 3% of the bond amount, with a $275 minimum. The statute caps this records-retention bond at $20,000, and the Office of Higher Education sets the exact amount. Enter it and the quote updates — a $20,000 bond is $600.
How is this different from the performance bond? +
Minn. Stat. 136A.822 has two bonds. The performance bond (subd. 6) protects student tuition and is sized to a percentage of net revenue. This records bond (subd. 12) is separate, capped at $20,000, and funds preserving academic records if the school closes.
Why "corporation" vs "individual"? +
It just names who the bonded principal is. This version is for a school organized as a corporation or other entity; the individual version names a person as principal. The coverage and statute are the same — pick the one that matches how your school is registered with the OHE.
Is there a credit check? +
No — the records bond is issued with no credit pull. Larger bond amounts may get a quick soft-pull review, which never affects your credit score.
Where do I file it? +
With the Minnesota Office of Higher Education, alongside your private career school registration. We issue the executed bond ready to submit.
Related bonds

Other New York bonds.

Records bond, issued today.

Five-minute application, flat 3%, $275 minimum. Enter the amount the OHE set and file the same day.

Your premium @ 3%$300
Apply now →