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Tennessee Postsecondary Education Institutions Bond

How much does a postsecondary education institutions bond cost in Tennessee?

The cost of a postsecondary educational institutions surety bond depends directly on the type of institution the applicant operates combined with the strength of their financial credentials. Because this surety bond is school-related, most surety underwriting companies require additional financial credentials to underwrite it. Having your current business financials and a personal financial statement handy when you speak with a SuretyBonds.com surety specialist will help speed up the bonding process.

In-state postsecondary educational institutions must post a $10,000 bond, while out-of-state establishments must post a $20,000 bond.

Give us a call today at 1 (800) 308-4358 or submit a bond request to connect with an expert surety specialist who will provide you with a free quote on a Tennessee postsecondary education bond.

Bond Type Bond Amount Cost by Credit Score*
680 and up 679 - 600 599 or lower
Postsecondary Educational Institutions Bond (In-State Establishment) $10,000 Starts at $100 $500-1,000 $1,000+ Apply Now
Postsecondary Educational Institutions Bond (Out-of-State Establishment) $20,000 Starts at $200 $1,000-$2,000 $2,000+ 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 the Tennessee postsecondary school bond you need, give us a call 1 (800) 308-4358 or submit an online bond request. Our experts will set you up with the bond you need quickly, easily and accurately!

Why do I need this bond?

Tennessee postsecondary educational institutions bonds provide compensation for any enrollee, student, parent or guardian who has suffered financial loss as a result of a principal (postsecondary educational institution) conducting dishonest business. These violations include, but are not limited to:

  • having an unfair cancellation or refund policy
  • not maintaining student housing
  • not keeping adequate records of students’ grades, attendance, performance and progress

If you’re ready to get bonded, give us a call at 1 (800) 308-4358 or submit an online contact form! Our experts are ready to answer your questions and walk you through each step of the bonding process.

What’s the fine print?

Tennessee postsecondary educational institutions bonds are required by the Tennessee Higher Education Commission. The signature of whoever signs the bond on behalf of the school must be notarized. This bond is continuous until canceled. The surety company must provide written notice of the bond’s cancellation to the Commission at least 60 days in advance.

How to start a postsecondary educational institution in Tennessee

Applicants planning to open a postsecondary educational institution must submit a complete application. For the full list of licensing requirements, navigate to the “Important Links” section. A few of the many requirements you should expect to provide include:

  • a copy of the institution’s state charter
  • the address and general description of facilities
  • a list of instructional equipment for each program,
  • qualifications for instructional staff/supervisors, among many other requirements

Depend on SuretyBonds.com for all of your bonding needs! Submit a bond request during our business hours, and one of our surety specialists will call you almost immediately to help you start getting bonded.

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Get a FREE Postsecondary Education Institutions Bond Quote Today!

Tennessee Code Annotated Title 49 Education Chapter 7 Postsecondary and Higher Education Generally Part 20 Postsecondary Education Authorization Act of 1974

Tennessee Higher Education Postsecondary State Authorization

Tennessee Higher Education Commission: Postsecondary State Authorization

Tennessee Higher Education Commission: DPSA Links & Forms

Tennessee Higher Education Commission: School & Agent Authorization

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