The Florida Department of Education has required the obtainment of the Private Education Institutional Bond. The required bond amount is equal to the amount of the scholarship funds for any quarter.
This bond guarantees that if the school is unable to hold up their contract between a student, such as breaching a contract, unable to provide services, and/or fraud of services, the student will receive a refund of all fees and tuition. This bond provides students a peace of mind knowing that the school has been backed by a third party surety company.
To learn more about Private School responsibilities, please CLICK HERE.
Call us at (855) 952-6633 to speak with a Surety Bond Expert
What happens after I apply online for my Surety Bond?
Step #1: A Surety Bond underwriter will immediately review your application, if it has been fully completed.
Step #2: A friendly Surety Bond expert will reach out to you to explain your quote or request additional information.
Step #3: Once you accept your quote and pay any premium due, your Surety Bond will be issued and delivered immediately.