Minnesota requires a private career school to back its student academic records with a continuous surety bond under Minn. Stat. 136A.822, subd. 12 — separate from the school’s tuition performance bond. This is the partnership version. The statute caps the amount at $20,000; pricing is 1% of the bond amount, with a $100 minimum, and the application collects no credit information.
















No underwriting queue for the standard records bond — enter your amount, pay, and file with the Office of Higher Education. Here is the whole thing:
Your school details, the records-bond amount the office set, and the effective date — that is the entire application.
The application collects no credit information, and most schools are approved instantly — the executed bond is generated as soon as you pay. If a check runs on a larger amount, it is a soft pull that never affects your score.
Submit the executed bond with your private career school registration or renewal. Wet-ink originals mailed whenever the office insists on them.
Minnesota licenses private career schools through the Office of Higher Education under Minn. Stat. ch. 136A. Beyond the tuition performance bond every school files, Minn. Stat. 136A.822, subd. 12 requires a separate continuous surety bond (or irrevocable letter of credit) standing behind the school’s student academic records.
Schools must keep permanent student records for 50 years from a student’s last date of attendance. If a school closes, this bond lets the office retrieve, recover, maintain, digitize, and destroy academic records — so students can still get transcripts after the doors close. The statute caps the bond at $20,000, and a school with an approved binding records agreement may file less.
This is the partnership version of the records bond — the partnership is the principal. It is not insurance for the school: if the office draws on the bond, the surety can recover from the principal. Enter the amount the office set; pricing starts from $100, and the application collects no credit information.
Submit the application with your required records-bond amount — the executed bond is generated instantly, ready to file with the Office of Higher Education.
Start the application →Pricing from $100. Enter the amount the office set and file the same day.