Private Vocational and Degree-Granting School Bond
Board for Private Postsecondary Education student-protection security
Arizona private vocational and degree-granting institutions may be required to post a letter of credit, surety bond, or cash deposit under A.R.S. § 32-3023.
Or call (877) 477-7578
An Arizona private postsecondary bond protects students when an unaccredited or board-required institution fails to meet refund or closure obligations.
The surety bond guarantees that the principal will perform the duties required under A.R.S. § 32-3023 - A.R.S. § 32-3021 up to the penal sum.
A claim may arise if the principal fails to comply with the bonded Arizona obligation or causes covered loss to the obligee or protected parties.
If a claim is valid, the surety may pay up to the bond penalty according to the bond terms; the principal remains liable to reimburse the surety.
Amount, premium, term, and the authority that requires this filing.
Operators of private vocational programs or degree-granting programs licensed by the Arizona State Board for Private Postsecondary Education often need this security.
Provide a board-acceptable surety bond, letter of credit, or cash deposit before licensure or renewal when required; sureties must meet the board rating standard.
Share your license type, court order, or obligee form and the exact penal sum required by Arizona State Board for Private Postsecondary Education.
We review credit and filing details, then quote premium options through licensed surety markets.
Once approved, we issue the bond for delivery to Arizona State Board for Private Postsecondary Education or for your Arizona filing package.
The amount is Board-set amount — commonly a $15,000 minimum for many applicants; board may require more based on tuition revenue and accreditation status, as set under A.R.S. § 32-3023 - A.R.S. § 32-3021 and confirmed with Arizona State Board for Private Postsecondary Education.
The obligee is typically Arizona State Board for Private Postsecondary Education. Always match the exact name on the Arizona form.
Many Arizona filings can be underwritten the same day when documents and credit are complete; complex amounts may take longer.
Not always. Premium and collateral options vary by credit and bond size — ask for markets that still write the risk.
Most bonds renew on the term shown (1 Year). Keep continuity so your Arizona license or filing does not lapse.
Next step
We’ll match the requirement and route the application.
Apply for this bond