A Proprietary School Surety Bond is required for anyone operating a private, for-profit educational school in Missouri. This bond protects students and the state if the school fails to deliver promised educational services, closes unexpectedly, or violates state education laws. If students lose tuition money due to th…
Overview
What it is.
A Proprietary School Surety Bond is required for anyone operating a private, for-profit educational school in Missouri. This bond protects students and the state if the school fails to deliver promised educational services, closes unexpectedly, or violates state education laws. If students lose tuition money due to th…
Who usually needs it
Proprietary school owners or operators in Missouri—private, for-profit educational institutions offering non-collegiate programs—must obtain this bond when applying for a certificate of approval to operate through the Missouri Department of Higher Education and Workforce Development, via the Coordinating Board for Higher Education, under Sections 173.600 to…
Pricing & timing
What to expect.
Generic pricing
License bonds are required by state and local governments to ensure compliance with industry regulations. Typical Pricing:. • Small bonds (under $25,000): Typically $100–$250 per year (flat fee). • Larger license bonds: Commonly around 1–5% of the bond amount annually. • Credit impact: Good credit: starting around 1–2% · Average credit: typically 2–4% · Credit challenges: often 4–5% or higher. Same-day approval is typical for many common license bonds. Some license bonds may price higher de…
Typical timeframe
Issuance timeframe varies by bond type and underwriting
Application
What to do next.
Tell us the bond name, state, and amount on your form.
Share business and applicant info so the team can quote it.
Sign and pay; we issue the bond and send you the documents.
Keep your effective date and renewal date on file with us.
Start the application.
You are on the exact bond page. The next step is to start the quick application.
StateMOBond amountVaries by license type or projectObligeePeople of the State of MissouriBond classLicense BondCategoryOtherBondProprietary School Surety BondPlain descriptionA Proprietary School Surety Bond is required for anyone operating a private, for-profit educational school in Missouri. This bond protects students and the state if the school fails to deliver promised educational servi…Who needs this bondProprietary school owners or operators in Missouri—private, for-profit educational institutions offering non-collegiate programs—must obtain this bond when applying for a certificate of approval to operate through the M…
