Nebraska Private Career School Bond Overview
- Purpose: To students and tuition payers if a school breaks contracts or state regulations
- Who Needs It: Private career school owners and school sales agents
- Regulating Body: The Nebraska Department of Education
- Bond Amount: $20,000 for schools; $5,000 for agents
- Minimum Price: 1% of the bond amount; credit-based
What Is a NE Private Postsecondary Career School Bond?
A Nebraska private career school bond protects students and tuition payers if a school doesn’t fulfill contacts or closes.
The accompanying private career school agent bond holds sales agents financially responsible for following permit regulations while soliciting enrollment.
What Are the Bond Coverage Requirements?
The Nebraska Department of Education requires private postsecondary career school owners to file a $20,000 surety bond for licensing. Any sales agents employed by the school to recruit students also need a permit and a $5,000 bond.
Agents can be covered with an individual $5,000 bond or under a blanket bond for multiple agents.
How Much Do Private Career School Bonds Cost in Nebraska?
Nebraska career school and career school agent bonds cost 0.75–10% of the required coverage amount. For example, the $5,000 agent bond starts at $50 and the $20,000 school license bond starts at $150.
Your exact rate will depend on your bond amount and credit score. Apply now!
SuretyBonds.com offers the lowest available rates from our nationwide provider network with no added fees.
How Does a Nebraska Career School Bond Work?
When you purchase a Nebraska private career school bond, you enter a three-party agreement.
| Bond Party | Description |
|---|---|
| 1) Principal | The school owner(s) or agent(s) filing the bond |
| 2) Obligee | The Nebraska Department of Education |
| 3) Surety | The issuing surety provider |
The school licensing bond ensures that schools adhere to Nebraska’s Private Postsecondary Career Schools Act. If the school closes or violates the Act, the bond can reimburse students or tuition payers for those damages.
Private postsecondary career school agent bonds ensure that agents do not misrepresent the school while recruiting students.
How Do I Get a Trade School Bond in Nebraska?
We make it fast and easy to get a surety bond for your school. Follow these simple steps:
- Confirm your coverage amount.
- Fill out the quote request form.
- Provide financial documents, if requested.
- Complete the purchase online.
Once you pay for your bond, we’ll email the official form shortly after. Be sure to sign and file it with the Department of Education.
How Fast Can I Get My Bond?
We’ll respond to your quote request within one business day or less. Once you purchase the bond, you can select from 1–3 day shipping options. The DOE requires the original bond form with wet signatures.
Can I Get Bonded With Bad Credit?
You might still be able to get bonded with bad credit, but you’ll likely pay a higher premium. Apply today for a free, no-obligation quote to see how credit impacts your cost.
How Do I Renew My Bond?
Nebraska occupational school bonds expire annually. We’ll send you reminders starting 90 days before renewal. Just pay the premium to extend your bond for another term.
How to Get a Private School License in Nebraska
Nebraska requires all private career schools to meet certain criteria to maintain approval with the Board of Education. This includes the following requirements:
- Filing a surety bond
- Completing the application packet
- Paying a $360 application fee
Private school agents must separately submit an agent’s permit application and pay the $150 fee.
