Wisconsin Private School Choice bonds.
From $100.
Wisconsin's Private School Choice Programs can require a participating private school to post a surety bond payable to the state, equal to 25% of the payments it expects to receive. The premium is 1% of the bond amount, with a $100 minimum, shown at the application. This bond carries a statutory June 30 renewal.
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How much does a Wisconsin Private School Choice 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 Choice bond — enter your amount, pay, and file with DPI. Here is the whole thing:
Apply online
Your school details, the bond amount DPI required, and the effective date — that is the application.
Issued on the spot
No credit check up to $25,000, and most applicants approve instantly — the executed bond is generated as soon as you pay.
File with the Department of Public Instruction
Submit the executed bond to DPI — the bond carries a statutory June 30 renewal date. Wet-ink originals mailed whenever DPI insists.
What it is and who needs it.
What the Choice bond actually covers
Wisconsin's Private School Choice Programs — the Milwaukee, Racine, and statewide parental choice programs run by the Department of Public Instruction (DPI) under Wis. Stat. 119.23 and 118.60 — let eligible students attend participating private schools on state-funded vouchers. The program protects those dollars with a surety bond requirement.
A participating school must provide a surety bond payable to the state equal to 25% of the total payments it expects to receive under the program that school year — unless it instead submits an anticipated budget and evidence of financial viability that DPI accepts. The bond is the alternative for schools that don't meet the financial test.
A school that chose the bond in its first year must keep filing it (generally by May 1 annually, with a statutory June 30 renewal) until it provides a standard consolidated financial audit and meets DPI's other requirements. If DPI recovers on a valid claim, the school repays the surety; it is not insurance for the school. Enter the figure on your DPI notice and premiums start from $100.
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 term is set on the carrier’s application; the premium covers the period shown there.
Renewal falls on the statutory date, June 30, in the year your term ends.
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 Public Instruction. Submit the executed bond to DPI — the bond carries a statutory June 30 renewal date. Wet-ink originals mailed whenever DPI 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 the bond amount DPI required — the executed bond is generated instantly, ready to file with DPI.
Start the application →Common questions.
Other Wisconsin bonds.
Price and requirements checked on the carrier’s application, . Page updated .
Choice program bond, issued today.
Premiums from $100. Enter the amount DPI required and file by your deadline.