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Wisconsin
Private School Choice Programs Bond

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Coverage Amount: $1,000 - $1,000,000
Term Length: 1 year
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Wisconsin Private School Choice Programs Bond Guide

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

Bond Overview

  • Purpose: To protect prepaid tuition funds and ensure compliance with state regulations
  • Who Needs It: Private School Choice Program participants 
  • Regulating Body: The Wisconsin Department of Public Instruction
  • Required Coverage: $1,000–$1,000,000, based on tuition volume
  • Premium Rate: 1–10%, credit-based

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

What Is a Wisconsin Private School Choice Programs Bond?

The Wisconsin Private School Choice Program (PSCP) is a state program that provides tuition vouchers for students to attend participating private schools. 

A PSCP bond ensures that those schools meet financial obligations, uphold student contracts, and protect tuition funds. The required bond amount will be determined based on the volume of students and amount of tuition collected. 

How Much Do Private School Choice Programs Bonds Cost?

Wisconsin private school choice programs bonds cost a small percentage of the required bond amount, typically 1–10%.


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

Bond Type
$1,000-$1,000,000Private School Choice Programs Bond

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

Who Needs a Wisconsin PSCP Bond? 

The Wisconsin Department of Public Instruction oversees all schools participating in the Private School Choice Program (PSCP).  

All schools applying for the program must meet the financial requirement in one of two ways: 

  1. Surety bond equal to 25% of the estimated PSCP payments
  2. Budget demonstrating that the school meets program requirements

Note: If you’re opening a trade or occupational school, visit our Wisconsin Private School Bond Page instead. 

How Do I Get My Bond?

SuretyBonds.com provides the fastest and easiest way to get a Wisconsin private school choice programs 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 Department of Public Instruction. 

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

How Does a Wisconsin Private School Choice Programs Bond Work? 

A private school choice programs bond creates a legal contract between three parties: 

  1. Principal: You, the private school owner(s) filing the bond
  2. Obligee: The Wisconsin Department of Public Instruction 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 choice programs 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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