WI Private School Choice bonds.
Flat 3%. Enter your amount.

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. We issue it at a flat 3% with no credit check — enter the amount DPI requires and the premium updates. This bond carries a statutory June 30 renewal.

Required under Wis. Stat. 118.60 and 119.23 for Choice schools that do not meet the financial test
Amount equals 25% of expected Choice payments for the school year — payable to the state
Flat 3%, no credit pull — enter the amount DPI requires and the premium updates
Flat 3%of your bond amount$275minimum premiumNo creditcheck to issue
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How it works

Apply to filed in one sitting.

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

TODAY · 5 MINUTES

Apply online

Your school details, the bond amount DPI 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.

BY YOUR DPI DEADLINE

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.

The whole pricing page.

Bond amount × 3% = your premium, one-time, $275 minimum. Enter 25% of your expected payments and the premium updates.

$12,500 bond
$375
$25,000 bond
$750
$50,000 bond
$1,500
About this bond

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 we issue it at a flat 3%.

Wis. Stat. 118.60(7m) & 119.23(7m) (DPI)Under Wis. Stat. 118.60(7m) and 119.23(7m), a private school participating in the Wisconsin Private School Choice Programs must provide a surety bond payable to the state equal to 25% of the total payments it expects to receive that school year, unless it submits an anticipated budget and evidence of financial viability acceptable to DPI. A school that selects the bond must continue filing it (generally by May 1 annually) until it provides a standard consolidated financial audit and meets DPI's other requirements. Confirm your required amount on your DPI notice.

You need this bond if you are

A Choice-participating private school DPI has determined doesn't meet the financial test
A new Choice school that selected the bond instead of the budget/viability option
Renewing your Choice participation and re-filing the annual bond by your DPI deadline
A school not yet audit-eligible still filing the bond until a consolidated audit is in place

Five minutes, 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 →
FAQs

Common questions.

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

How much is the Wisconsin Private School Choice bond? +
The premium is a flat 3% of the bond amount, with a $275 minimum. The amount itself equals 25% of the Choice payments your school expects to receive that year, so it scales with your enrollment. Enter that figure and the quote updates.
Does every Choice school need a bond? +
No. A school can instead submit an anticipated budget and evidence of financial viability that DPI accepts. The bond is the alternative for schools that don't meet that financial test, and a school that chose the bond keeps filing it until it has a standard consolidated audit in place.
When does the bond renew? +
This bond carries a statutory June 30 renewal date, and schools on the bond option generally re-file by May 1 annually. We send renewal notices ahead of the deadline so your filing stays continuous.
Who is the bond payable to? +
The state of Wisconsin, for the benefit of DPI. It protects the department against a participating school failing to meet its obligations under the Choice program.
Is there a credit check? +
No — this bond is issued with no credit pull. Larger bond amounts may get a quick soft-pull review, which never affects your credit score.
Related bonds

Other New York bonds.

Choice program bond, issued today.

Five-minute application, flat 3%, $275 minimum. Enter the amount DPI required and file by your deadline.

Your premium @ 3%$750
Apply now →