MI post-secondary school bonds.
From $100. Enter your amount.

Michigan licenses private trade, business, and post-secondary schools under the Proprietary Schools Act (PA 148 of 1943), and conditions the license on a surety bond filed with LEO. The bond protects students’ prepaid tuition if the school closes — minimum $5,000, sized to your unearned fees, priced at 1% of the bond amount, $100 minimum.

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Required for a Michigan proprietary / post-secondary school license under PA 148 of 1943

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Amount is based on fees paid by students who haven’t finished their courses — a $5,000 minimum

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Priced at 1% of the bond amount, $100 minimum, no credit section in the application — enter your required bond amount and see your exact price

1% of amount$100 minimumNo SSNin the applicationFastinstant underwriting for most

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How it works

Apply to filed in one sitting.

No underwriting queue for the standard proprietary-school bond — enter your amount, pay, and file with LEO. Here is the whole thing:

TODAY · ONLINE

Apply online

Your school’s details, the bond amount LEO set, and the effective date — that is the entire application.

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Issued on the spot

No credit section and no waiting — the executed bond is generated as soon as you pay. Larger amounts may get a quick review, and if a check ever runs it’s a soft pull that won’t affect your score.

SAME DAY

File with LEO

Submit the executed bond with your proprietary-school license application or renewal. Wet-ink originals mailed whenever the state insists.

About this bond

What it is and who needs it.

What the proprietary-school bond actually covers

Michigan’s Proprietary Schools Act (PA 148 of 1943, MCL 395.101 et seq.) licenses private trade, business, technical, and other post-secondary schools. The license is conditioned on a surety bond filed with the Department of Labor and Economic Opportunity (LEO), Proprietary Schools Unit.

The bond is a student-protection guarantee: it protects students who suffer financial loss if the school closes before they complete their program. Because of that, the amount is tied to the fees paid by students who haven’t yet finished their courses — with a statutory minimum of $5,000 — so the bond scales with your unearned tuition.

Surety on the bond expires June 30 each year, and the school must file renewed evidence before then. It is not insurance for the school — if the surety pays a student claim, the school repays the surety. Enter the amount LEO set — pricing starts from $100, and the application collects no credit information.

PA 148 of 1943 (MCL 395.101 et seq.)Michigan's Proprietary Schools Act (Act 148 of 1943, MCL 395.101 to 395.103) requires a proprietary / post-secondary school to file a surety bond with LEO's Proprietary Schools Unit as a condition of licensure. The amount is based on fees paid by students who have not completed their courses, with a minimum of $5,000, and surety expires June 30 each year with renewal evidence due before expiration. Confirm your required amount with LEO.

You need this bond if you are

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A private trade or business school licensing as a proprietary school in Michigan

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A post-secondary training institution that collects tuition before students finish

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Renewing your proprietary-school license before the June 30 surety expiration

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Adjusting your bond amount as your prepaid-tuition exposure changes

One application, issued on the spot.

Submit the application with the bond amount LEO set — the executed bond is generated instantly, ready to file.

Start the application →

FAQ

Common questions.

How much is the Michigan proprietary-school bond?Pricing is 1% of the bond amount, $100 minimum. The amount itself is set by LEO based on the fees paid by students who haven’t completed their courses, with a $5,000 statutory minimum. Enter that figure at the application to see your exact price.

How is my bond amount determined?It’s tied to your unearned tuition — the fees paid by students who haven’t yet finished, subject to the $5,000 minimum. As that exposure grows, LEO can require a higher bond. Confirm your figure with the Proprietary Schools Unit.

Which agency requires it?The Department of Labor and Economic Opportunity (LEO), Proprietary Schools Unit, under the Proprietary Schools Act (PA 148 of 1943). The bond is filed as a condition of your school’s license.

Is there a credit check?The application collects no credit information. Most applications approve instantly; larger bond amounts may get a quick review, and if a check ever runs it’s a soft pull that never affects your score.

When does it renew?Surety expires June 30 each year, and you must file renewed evidence with LEO before then. We send renewal notices ahead of the deadline so your license never lapses over a missed date.

Related bonds

Other Michigan bonds.

Proprietary-school bond today.

Pricing from $100. Enter the amount LEO set and file the same day.

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