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Hawaii
Post-Secondary Education Authorization Program (HPEAP) Bond

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Coverage Amount: $50,000 - $150,000
Term Length: 1 year
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Hawaii HPEAP Bond Guide

If you’re opening a private college or university in Hawaii, you may need this surety bond. 

Bond Overview

  • Purpose: To protect prepaid tuition funds and ensure compliance with state regulations
  • Who Needs It: Private colleges and universities that need to fulfill financial requirements 
  • Regulating Body: The Department of Commerce and Consumer Affairs
  • Required Coverage: $50,000–$150,000
  • Premium Rate: 1–10%, credit-based

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

What Is a Hawaii HPEAP Bond?

A post-secondary education authorization program (HPEAP) bond creates a financial guarantee that schools in Hawaii will fulfill student contracts and protect prepaid tuition funds. 


This type of surety bond protects students from loss if a private college or university unexpectedly goes out of business or fails to fulfill contracts.

How Much Do HPEAP Bonds Cost in Hawaii?

Hawaii post-secondary education authorization program bonds cost a small percentage of the required bond amount, typically 1–10%.


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

Bond Type
$50,000-$150,000Post-Secondary Education Authorization Program (HPEAP) Bond

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

Who Needs a Post-Secondary Education Authorization Program Bond? 

The Hawaii Department of Commerce and Consumer Affairs requires proof of financial integrity as part of the approval process for private colleges or universities in the state.

Filing a surety bond for at least $50,000 or equal to the expected prepaid tuition and fees collected is a common way to fulfill this requirement.   

How Do I Get My Bond?

SuretyBonds.com provides the fastest and easiest way to get a Hawaii private school authorization 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 the bond as instructed. 

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

How Does a Hawaii Private College Bond Work? 

As with all surety bonds, a private college or university bond creates a legal contract between three parties: 

  1. Principal: You, the private college or university owner(s) filing the bond
  2. Obligee: The Department of Commerce and Consumer Affairs requiring the bond
  3. Surety: The provider issuing the bond

This holds you financially responsible for refunding tuition funds if the school goes out of business. 

How Do I Renew My Bond?

These bonds expire annually. To renew your private college or university 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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