NM private school bonds.
Flat 3%. Enter your amount.
New Mexico's Higher Education Department requires a private postsecondary institution to post a surety bond protecting students if the school closes mid-program. The Department sets the amount, scaled to your tuition. We issue it at a flat 3% with no credit check — enter the required amount and the premium updates.
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Apply to filed in one sitting.
No underwriting queue for the standard school bond — enter your amount, pay, and file with the Higher Education Department. Here is the whole thing:
Apply online
Your institution details, the bond 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 the Higher Education Department
Submit the executed bond with your private postsecondary registration. Wet-ink originals mailed whenever the Department insists.
The whole pricing page.
Bond amount × 3% = your premium, one-time, $275 minimum. Enter the figure the Department set and the premium updates.
What it is and who needs it.
What the school bond actually covers
Private postsecondary institutions operating in New Mexico register with the Higher Education Department under the Post-Secondary Educational Institution Act (NMSA 1978 §21-23-1 et seq.) — or, for distance education, the Interstate Distance Education Act (§21-23B-1 et seq.). The Department conditions registration on a surety bond.
The bond is a student-protection guarantee: if the school closes or otherwise fails to provide the education students have paid for, the bond funds tuition refunds or a teach-out so students are not left out of pocket. The Department sets the amount, scaled to your size.
For in-state institutions the amount generally runs from a $5,000 floor up to 20% of anticipated gross annual tuition; out-of-state institutions generally run $10,000 to $25,000. The surety can cancel only on 90 days' written notice to the Department. 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 bond amount the Department set — the executed bond is generated instantly, ready to file.
Start the application →Common questions.
If yours isn't here, the bond team can usually answer within the hour.
How much is the New Mexico private postsecondary institution bond? +
Why does New Mexico require it? +
Is there a credit check? +
What amount should I enter if I am not sure? +
Can the surety cancel the bond? +
Other New York bonds.
School bond, issued today.
Five-minute application, flat 3%, $275 minimum. Enter the amount the Department set and file the same day.