Iowa requires a private instructional school to file evidence of financial responsibility — typically a surety bond — under Iowa Code § 714.18, with Iowa College Aid. It protects students if a school closes before completing its courses. Premiums are 1% of the bond amount, $100 minimum — your exact price appears in the on-page calculator.
















No underwriting queue for the standard school bond — enter your amount, pay, and file with your school registration. Here is the whole thing:
Your school’s details, the required bond amount, and the effective date — that is the entire application.
Most applications are issued as soon as you pay — the application collects no credit information. Larger amounts may get a quick review.
Submit the executed bond as your evidence of financial responsibility with the Bureau of College Aid. Wet-ink originals mailed on request.
Iowa requires every person or entity that maintains, conducts, or solicits a course of instruction in Iowa — by classroom, correspondence, or distance education — to file evidence of financial responsibility under Iowa Code § 714.18, administered through Iowa College Aid. A surety bond is the common form.
The bond ensures the faithful performance of contracts between the school and its students — so that if a school closes or fails to deliver, students can be refunded or made whole. Schools must reapply to show continuing compliance, at minimum every two years.
Because the amount is set as evidence of financial responsibility for your specific school, it varies — some programs reference a figure on the order of $50,000, but the exact amount is what College Aid requires for your tuition and enrollment. Enter that figure — premiums start from $100 and the application collects no credit information.
Submit the application with the bond amount College Aid required — most executed bonds generate instantly, ready to file as your evidence of financial responsibility.
Start the application →Premiums from $100. Enter your required amount and file with College Aid the same day.