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Tennessee
Individualized Education Account (IEA) Program Bond

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Coverage Amount: $1,000 - $100,000
Term Length: 1 year
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Tennessee IEA Program Bond Guide

If you own a private school that is applying to participate in the Individualized Education Account (IEA) program in Tennessee, you’ll need this surety bond. 

Bond Overview

  • Purpose: To ensure schools meet financial obligations
  • Who Needs It: Private schools participating in the IEA scholarship program
  • Regulating Body: The Tennessee Department of Education
  • Required Coverage: $1,000–$100,000
  • Premium Rate: 1–10%, credit-based

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

What Is a Tennessee IEA Program Bond?

The State Department of Education requires all schools participating in the Individualized Education Account (IEA) program to file a bond as financial security. 

In the IEA program, K-12 students with qualifying disabilities can receive funding for educational expenses and accommodations. Private schools that accept IEA scholarship funds must enroll as program participants and file a bond. 

The IEA program bond ensures that a school can and will repay any program-related funds owed to the state.

How Much Do IEA Program Bonds Cost?

Tennessee Individualized Education Account program 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
$1,000-$100,000Individualized Education Account (IEA) Program 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 Tennessee Individualized Education Account program 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 Education as instructed. 

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

How Does a Tennessee IEA Program Bond Work? 

An Individualized Education Account program bond creates a legal contract between these three parties: 

  1. Principal: You, the participating school owner(s) filing the bond
  2. Obligee: The Tennessee Department of Education requiring the bond
  3. Surety: The provider issuing the bond

This holds you financially responsible for upholding the provisions of the Individualized Education Act.  

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 Individualized Education Account program 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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