Nevada Private Postsecondary School Bond Overview
- Purpose: To protect prepaid tuition funds if a school fails to provide the promised services
- Who Needs It: All private colleges and postsecondary career schools in Nevada
- Regulating Body: The Nevada Commission on Postsecondary Education
- Bond Amount: $10,000–$200,000
- Minimum Price: $100 or 1%, credit-based
What Is a Nevada Private Postsecondary School Bond?
A Nevada private postsecondary educational institution license bond, or private school bond, protects student funds if a school closes.
The Nevada Commission on Postsecondary Education (CPE) requires all privately-owned postsecondary schools to file a surety bond. This includes colleges as well as vocational, technical, business and professional schools.
What Are the Bond Coverage Requirements?
All private postsecondary schools need to file a minimum $10,000 surety bond. The exact amount is calculated as the cost of tuition, multiplied by projected student enrollment, multiplied by the percentage of program length related to one calendar year.
How Much Do Proprietary School Bonds Cost in Nevada?
Nevada private college and occupational school license bond rates start at just $100. Applicants with strong financials often pay just 1–2% of the bond amount. Apply below to get a free quote!
SuretyBonds.com offers the lowest available rates from our nationwide provider network with no added fees.
How Does a Nevada Private School Bond Work?
When you purchase this bond, you enter into a three-party agreement.
| Bond Party | Description |
|---|---|
| Principal | The private postsecondary school owner(s) purchasing the bond |
| Obligee | The Nevada Commission on Postsecondary Education requiring the bond |
| Surety | The issuing surety provider |
If you violate state law, harmed parties can file bond claims to recover any losses. The surety will pay valid claims up to your full bond amount. You’ll then need to reimburse the surety.
How Do I Get Bonded?
Once you know your required bond amount, you can submit a free quote request. We’ll respond within one business day!
After payment, we’ll mail your official bond form directly to you. Be sure to sign and file it with the CPE.
How Fast Can I Get My Bond?
In a rush? We offer overnight, two-day or three-day shipping. Just select your preferred option at checkout.
Can I Get Bonded With Bad Credit?
You might still be able to get bonded with bad credit, but it’ll likely increase your premium rate. Quotes are free and have no impact on your score — apply now!
How Do I Renew My Bond?
Nevada vocational or career school bonds expire annually. To keep your bond up-to-date, just pay the renewal premium when prompted.
Can I Make Changes to My Bond?
If you need to update your name, address or bond amount, contact your surety company. If you bought your bond from us, email [email protected] with the needed change.
How to Get a Private Postsecondary School License in Nevada
First, determine if your school is required to be licensed by filling out and submitting an evaluation form.
If the CPE determines that you need a license, submit the required documentation, which usually includes a CPA-prepared financial statement and surety bond. You’ll also need to get fingerprinted and complete a background check.
The CPE meets four times a year, typically in February, May, August and November. Submit your application at least 60 days before the meeting where you want it considered.
Note: The CPE does not license cosmetology, barbering or CDL driving schools.
