New Jersey private school bonds.
From $100.
Every New Jersey private career school files a tuition-protection bond with the Department of Labor & Workforce Development. The amount is the greater of $20,000 or 5% of gross annual tuition — pricing starts from $100, and most applicants qualify at or near that minimum; enter your figure and see your exact price at the application.
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How much does a New Jersey 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 school bond — enter your amount, pay, and file with the Department of Labor. Here is the whole thing:
Apply online
Your school details, the bond amount your tuition requires, and the effective date — that is the application.
Issued on the spot
No credit check up to $25,000 to issue, and most applicants are approved instantly.
File with the Department of Labor
Submit the executed bond with your private career school application or renewal. Wet-ink originals mailed whenever the Department insists.
What it is and who needs it.
What the school bond actually covers
New Jersey licenses private career schools — trade, vocational, and other tuition-charging programs that prepare students for the workforce — through the Department of Labor & Workforce Development. Licensure is conditioned on a surety bond that protects students’ tuition.
The bond is a tuition-protection guarantee. It stands behind the school’s obligation to honor its contracts with students and to follow the State’s rules — so that if a school closes mid-program, students can be made whole for tuition paid for training they did not receive.
The amount is the greater of $20,000 or 5% of the school’s gross annual tuition income over the prior three years, so larger schools post larger bonds. If a school fails and students are harmed, they can recover against the bond — and if the surety pays, the school repays the surety.
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 Department of Labor. Submit the executed bond with your private career school application or renewal. Wet-ink originals mailed whenever the Department insists.
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 school bond is generated instantly, ready to file with the Department of Labor.
Start the application →Common questions.
Other New Jersey bonds.
Price and requirements checked on the carrier’s application, . Page updated .
School bond, issued today.
Pricing from $100. Enter your amount and file with the Department of Labor the same day.