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Colorado
Non-Public, Degree-Granting Degree Authorization Act Colleges and Universities Bond

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Coverage Amount: $1 - $100,000
Term Length: 1 year
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Colorado Private School Degree Authorization Act Bond Guide

If you’re a private school owner applying for an authorization for degree accreditation in Colorado, you’ll likely need this surety bond. 

Bond Overview

  • Purpose: To protect prepaid tuition funds if a school closes
  • Who Needs It: Private, post-secondary, degree-granting schools 
  • Regulating Body: The Colorado Department of Higher Education
  • Required Coverage: $5,000–$100,000, based on tuition
  • Premium Rate: 1–10%, credit-based

Learn all about the bond requirements and process in this guide. 

What Is a Colorado Degree Authorization Act Bond?

A Colorado private school Degree Authorization Act bond protects students and tuition-payers from financial loss if a degree-granting school closes or fails to fulfill student contracts. 

The bond’s financial backing can be used to repay unearned, prepaid tuition funds if a school goes bankrupt.

Who Needs a Degree Authorization Act Bond?

The Colorado Department of Higher Education requires this bond as part of the licensing process for private colleges or universities in the state.  

Your bond coverage must be the greater of $5,000 or the estimated unearned, prepaid tuition for the current academic year.

How Much Do Degree Authorization Act Bonds Cost?

Colorado Degree Authorization Act bonds cost a small percentage of the required coverage amount, typically 1–10%.


Exact rates vary based on personal credit score. Apply for your free quote now!

Bond Type
$1-$100,000Non-Public, Degree-Granting Degree Authorization Act Colleges and Universities Bond

SuretyBonds.com offers the lowest available rates from our nationwide provider network with no added fees. 

How Do I Get My Bond?

SuretyBonds.com provides the fastest and easiest way to get a Colorado Degree Authorization Act bond. Just follow these quick steps: 

  1. Apply: Submit an online quote request form
  2. Quote: Receive your quote within one day
  3. Sign: Complete the indemnity agreement 
  4. Buy: Purchase the bond online 24/7

We’ll email you the bond shortly after purchase. Be sure to file it with the Department of Higher Education as instructed. 

If you have any questions, call our friendly surety experts at 1 (800) 308-4358 for assistance. 

How Does a Colorado Degree Authorization Act Bond Work? 

A Degree Authorization Act bond creates a legal contract between these three parties: 

  1. Principal: You, the private college or university filing the bond
  2. Obligee: The Colorado Department of Higher Education requiring the bond
  3. Surety: The provider issuing the bond

This holds you financially responsible for upholding the provisions of Colorado Revised Statutes §11-35-101. 

If you break the bond terms, harmed parties can file claims. The surety will pay valid claims up to the bond amount, but you must ultimately refund the surety. 

How Do I Renew My Bond?

These bonds expire annually. To renew your Degree Authorization Act bond, simply pay your renewal invoice when prompted. 

We’ll begin contacting you by phone and email 90 days before the expiration date. 

More Resources

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