1 (800) 308-4358
Mon-Fri 7am-7pm CST
  1. 1. Choose A State
  2. 2. Choose A Bond
  3. 3. Enter Your Contact Info
  4. 4. Receive Your Free Quote

Alabama Private School Performance Bond

How much does a private school bond cost in Alabama?

The Alabama Department of Postsecondary Education requires non-degree-granting private schools to post $20,000 surety bonds. Degree-granting schools must post $50,000 bonds.

Current business financials and a personal financial statement are required to underwrite these bonds. Having these documents handy when you contact SuretyBonds.com will help to expedite the bonding process and help you qualify for the lowest available premium rate.

The price you’ll pay for your Alabama private school bond depends on your required bond amount, your personal credit report and your financial credentials. Request your free bond quote now!

Bond Type Bond Amount Cost by Credit Score*
680 and up 679 - 600 599 or lower
Private School Performance Bond - Non-degree-granting school $20,000 Starts at $200 $800-1,600 $2,000+ Apply Now
Private School Performance Bond - Degree-granting school $50,000 Starts at $500 $2,000-4,000 $5,000+ Apply Now
*The bond premium rate quotes provided to you through this website are for pricing comparisons and quotation estimate purposes only. The bond rate quotes provided are based on general assumptions that may or may not be applicable to you and are subject to change at any time. These rate quotes do not constitute an offer of insurance, nor is any contract, agreement, or bond coverage implied, formed or bound by the provision of rate quotes. Bondability, final bond premium rate quotes and an offer of insurance, if any, will be determined by the insurance company providing your bond. You must contact us directly to obtain a quote for binding purposes.

If you’re ready to get bonded quickly, easily and accurately, give us a call at 1 (800) 308-4358, or submit a bond request now!

Why do I need this bond?

Alabama private school bonds are put in place to ensure that students don’t suffer financial loss if the school ceases to operate for any reason. Specifically, these bonds guarantee that principals (private schools) conduct operations in accordance with sections 16-46-1 through 10 of the Alabama Code.

If the school fails to conduct ethical and lawful business, the bond protects students from financial loss up to the full penal sum of the bond ($20,000 for non-degree-granting schools, and $50,000 for degree-granting schools). The principal must reimburse the surety for all sums paid out.

The best way to find out exactly how much you’ll pay for your Alabama private school surety bond is to request your free bond quote now!

What’s the fine print?

Private school bonds in Alabama remain in full force and effect until canceled. The surety can cancel the bond by giving written notice of cancellation to the Department of Postsecondary Education. Notice must be received at least 30 days prior to the effective cancellation date.

Applicants should mail completed applications to the Department of Postsecondary Education in Montgomery, Alabama.

Ready to get started?

Get a FREE Private School Performance Bond Quote Today!

Private School Performance Bond (degree-granting school) Form

Private School Performance Bond (non-degree-granting school) Form

Alabama Private Postsecondary School License Application

Administrative Code Chapter 290-030-050 Private School Licensure in Alabama

Free Shipping
30,000 Satisfied
Customers Nationwide
No Hidden Fees