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Michigan proprietary school bonds.
From $100.
Michigan requires a private trade, business school, institute, or correspondence school to provide evidence of surety that indemnifies students if the school closes before they can finish. Pricing is 1% of the bond amount, $100 minimum and the application collects no credit information — enter the amount the department set and your exact price appears.
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Three steps. One sitting.
No underwriting queue for the standard proprietary school bond — enter your amount, pay, and file. Here is the whole thing:
Apply online
Your school details, the surety amount the department set, and the effective date — that is the entire application.
Issued on the spot
The application collects no credit information, so most applications are issued as soon as you pay.
File with LARA
Submit your evidence of surety before the June 30 expiration so your proprietary school license stays valid. Wet-ink originals mailed on request.
What it is and who needs it.
What the proprietary school bond covers
Michigan regulates private, for-profit schools — trade schools, business schools, institutes, and correspondence schools — under the Proprietary Schools Act (Act 148 of 1943), administered by LARA. To be licensed, a school must provide evidence of surety.
The surety is conditioned to indemnify a student who suffers loss because of an inability to complete an approved course or program due to the closing of the school (MCL 395.102b). In other words, it protects tuition dollars when a school shuts down mid-program.
The amount is determined by department rule, and the surety expires on June 30 following issuance — the school must submit proof of renewal before then, or its license is invalid. We issue whatever amount the department set, with pricing from $100; the application collects no credit information and most applications approve instantly.
You need this bond if you are
One application, issued on the spot.
Submit the application with the surety amount the department set — the executed bond is generated instantly, ready to file with LARA.
Start the application →Common questions.
Other Michigan bonds.
Proprietary school bond, issued today.
Pricing from $100. Enter the department amount and file before June 30.