Kansas Postsecondary School Bond Guide
If you’re operating a private or out-of-state degree-granting school in Kansas, you’ll need this surety bond.
Bond Overview
- Purpose: To protect prepaid tuition funds and ensure compliance with state regulations
- Who Needs It: Private and out-of-state degree-granting education institutions
- Regulating Body: The Kansas Board of Regents
- Required Coverage: $20,000
- Premium Rate: 0.75–10%, credit-based
Learn all about the bond requirements and process in this guide.
What Is a Kansas Private or Out-of-State Postsecondary Institution Bond?
A Kansas postsecondary institution bond creates a financial guarantee for prepaid tuition funds. This type of surety bond protects students from loss if a school unexpectedly goes out of business or fails to fulfill contracts.
How Much Do Private or Out-of-State Postsecondary Institution Bonds Cost in Kansas?
Kansas postsecondary institution bonds cost a small percentage of the $20,000 bond amount, typically 0.75–10%.
Exact rates vary based on personal credit score. Apply for your free quote now!
SuretyBonds.com offers the lowest available rates from our nationwide provider network with no added fees.
Who Needs a Private or Out-of-State Postsecondary Institution Bond?
The Kansas Board of Regents requires this bond as part of the process for private or out-of-state degree-granting schools to receive a Certificate of Approval.
Certain school types are exempt from the registration and bond requirements.
How Do I Get My Bond?
SuretyBonds.com provides the fastest and easiest way to get a Kansas postsecondary institution bond. Just follow these quick steps:
- Apply: Submit an online quote request form
- Quote: Receive your quote within one day
- Sign: Complete the indemnity agreement
- Buy: Purchase the bond online 24/7
We’ll mail you the bond via your preferred shipping method. Be sure to file the bond with the Board of Regents as instructed.
If you have any questions, call our friendly surety experts at 1 (800) 308-4358 for assistance.
How Does a Kansas Private or Out-of-State Postsecondary Institution Bond Work?
As with all surety bonds, a postsecondary institution bond creates a legal contract between three parties:
- Principal: You, the private or out-of-state degree-granting school owner(s) filing the bond
- Obligee: The Kansas Board of Regents requiring the bond
- 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 postsecondary institution bond, simply pay your renewal invoice when prompted.
We’ll begin contacting you by phone and email 90 days before the expiration date.