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Oregon
Private School Bond

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Coverage Amount: $1,000 - $25,000
Term Length: 1 year
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Oregon Private School Bond Guide

If you’re opening a private school in Oregon, you’ll likely need this surety bond. 

Bond Overview

  • Purpose: To protect prepaid tuition funds and ensure compliance with state regulations
  • Who Needs It: Degree-granting private school owners in Oregon
  • Regulating Body: The Oregon Higher Education Coordinating Commission (HECC)
  • Required Coverage: $1,000–$25,000, based on gross tuition revenue divided by 4
  • Premium Rate: 1–10%, credit-based

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

What Is an Oregon Private School Bond?

A Oregon private school 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 School Bonds Cost in Oregon?

Oregon private school bonds cost a small percentage of the bond amount, typically 1–10%. Your bond amount will be calculated as the gross tuition in the previous year divided by four with a $25,000 maximum. 


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

Bond Type
$1,000-$25,000Private School BondBond amount is rolling annual average of prepaid tuition is the gross tuition income received from all Oregon enrolled students from the previous year divided by 4, or $25,000 whichever is less

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

Who Needs a Private School Bond? 

The Oregon Higher Education Coordinating Commission (HECC) requires this bond as part of the licensing process of all schools approved to confer an academic degree as defined in ORS 348.606. 

How Do I Get My Bond?

SuretyBonds.com provides the fastest and easiest way to get an Oregon private school 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 with the HECC as instructed. 

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

How Does an Oregon Private School Bond Work? 

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

  1. Principal: You, the private school owner(s) filing the bond
  2. Obligee: The Oregon HECC 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 school 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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