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Louisiana Proprietary School Bond

How much does a private school bond cost in Louisiana?

The State of Louisiana Board of Regents Division of Planning, Research & Performance Proprietary Schools Section requires proprietary schools and solicitors of the school to be bonded. Proprietary schools must post a $10,000 bond, and their solicitors must post a $1,000 bond. Both of these bonds are subject to underwriting, which means that premiums are based on a review of the applicant’s credit report. SuretyBonds.com offers these bonds for as low as $100.

Bad credit? Don’t worry, we can approve 99% of applicants. Apply for a free bond quote today! Or, call 1 (800) 308-4358 to speak with a surety bond expert.

Bond Type Bond Amount Cost*
Proprietary School Bond $10,000 starts at $100 Apply Now
Proprietary School Solicitor Bond $1,000 starts at $100 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, call SuretyBonds.com today at 1 (800) 308-4358. You can also request your free surety bond quote online now.

Why do I need this bond?

The primary function of this bond is to ensure that students are reimbursed for their tuition if a school suddenly closes. By posting this bond, the principal agrees to abide by all rules and regulations stated in the Louisiana Revised Statutes, including, but not limited to:

  • committing fraud or misrepresenting the number of students enrolled
  • failing to abide by student/school contracts
  • failing to provide advertised services
  • failing to maintain necessary records

Before offering a quote, underwriters typically require applicants to submit the following:

  • type of courses to be offered
  • estimated number of students
  • how tuition will be paid
  • estimated amount of tuition

For more information on private school bonds or private school solicitor bonds in Louisiana, contact a surety expert online now.

What’s the fine print?

Both the proprietary school bond and the blanket bond for solicitor permit are continuous until canceled. If the bond is to be canceled, the surety must provide 30 days of written notice to the Louisiana Board of Regents Division of Planning, Research & Performance Proprietary Schools Section.

How to become a proprietary school in Louisiana

Purchasing your surety bond is the first step to getting your private school license in Louisiana. In addition to your surety bond and application, the following documents must be submitted:

  • notarized commitment statement
  • verified legal business structure
  • current audited balance sheet for the school
  • copy of all advertising materials
  • copies of enrollment contracts
  • and more

Detailed licensing information can be found in the “Important Links” section below.

Take the first step toward getting licensed by requesting your free surety bond quote now.

Ready to get started?

Get a FREE Propriety School Bond Quote Today!

Proprietary School Bond Form

Proprietary School Solicitor Bond Form

Proprietary School License Requirements Checklist

Solicitor Permit License Application

Deadlines for Forms and Applications

Louisiana Board of Regents: Proprietary Schools

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