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Wisconsin Private School Bond

How much will my Wisconsin private school bond cost?

The required amount of Wisconsin private school bonds is determined based on the maximum prepaid, unearned tuition and fees of the school for a semester, quarter or year. Unearned tuition means the portion of tuition, fees and other charges (including books and supplies) paid to a school (by a student or their sponsor) for which a student has not yet received instruction.

SuretyBonds.com offers Wisconsin private occupational school bonds for different costs depending on a review of each applicant’s personal credit report.

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.

Give us a call at 1 (800) 308-4358 or submit a bond request to get a free, personalized bond quote within 1 business day of submitting your application.

Bond Type Bond Amount Cost by Credit Score*
680 and up 679 - 600 599 or lower
Private Schools Bond Varies Starts at 1% 4-8% 9-15% 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.

Our team of bond experts is dedicated to getting you bonded for the lowest rate available. Apply today for a free bond quote!

Why do I need this bond?

This bond protects both students and tuition payers of private schools in Wisconsin. If the school closes or the minimum standard requirements are not met, the students and their sponsors will be compensated by the surety for any prepaid tuition or fees up to the full bond amount. The principal (school) must then reimburse the surety for all damages paid out.

Submit a bond request today to start getting bonded. We can typically provide you with a free bond quote within 1 business day of submitting your application.

What’s the fine print?

Wisconsin private school bonds remain continuous unless otherwise canceled. If a surety decides to terminate this bond for any reason, written notice of termination must be given to the State of Wisconsin Educational Approval Board 30 days in advance.

In some cases, providing information about the school can help lower the cost of your private school bond. Some helpful information that the applicant can provide is:

  • the type of school
  • the cost of tuition
  • the length of the school term
  • the number of students
  • the programs offered
  • the school’s attendance rate

Ready to get started?

Get a FREE Private School Bond Quote Today!

State of Wisconsin Educational Approval Board Private School Bond form

State of Wisconsin Educational Approval Board School Operations and Governance

Wisconsin Adminstrative Code: Chapter EAB 4 (Approval of Schools)

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