Minnesota private school bonds, individual.
From $100.
Minnesota conditions a private career school license on a surety bond filed with the Office of Higher Education under Minn. Stat. 136A.822, in the amount of 10% of the prior year’s net tuition revenue, $10,000 minimum. This sole proprietorship version is priced at 1% of the bond amount, with a $100 minimum.
Trusted by industry leaders
How much does a Minnesota private school 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 private school bond — enter your amount, pay, and file with the Office of Higher Education. Here is the whole thing:
Apply online
Your school details, the bond amount (10% of last year’s net tuition, $10,000 minimum), 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 private school bond actually covers
Minnesota licenses private career schools through the Office of Higher Education under Minn. Stat. ch. 136A. No license issues unless the school files a continuous corporate surety bond conditioned on the faithful performance of all contracts and agreements with students, the core promise of Minn. Stat. 136A.822.
The bond runs to the State of Minnesota and to any student with a cause of action for breach of a contract or agreement made by the school. If a school takes tuition and fails to deliver the training, or closes mid-program, harmed students can recover against the bond.
The amount is 10% of the preceding year’s net revenue from student tuition, fees, and other required institutional charges, but never less than $10,000. This is the version for a school operated as a sole proprietorship — the individual owner is the principal. Enter the figure the office calculated; 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 bond amount — the executed private school 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 .
Private school bond, issued today.
Pricing from $100. Enter your calculated amount and file with the Office of Higher Education the same day.