Under N.C. Gen. Stat. § 115D-95, a proprietary school must file a guaranty bond as a condition of licensure by the State Board of Community Colleges. At initial licensure the bond must be sufficient to protect every enrolled student, with a minimum of $25,000; at renewal it is generally tied to the maximum unearned tuition held in the prior fiscal year. Confirm the exact figure on your Office of Proprietary Schools licensing letter.

What the proprietary school bond actually covers

You need this bond if you are

Your executed guaranty bond is issued ready to file with the State Board of Community Colleges. Larger bond amounts may get a quick underwriter review within 48 hours.

1% of the bond amount, $100 minimum — North Carolina Proprietary School Bond, required by the State Board of Community Colleges. Apply online today.

Proprietary School Bond

North Carolina - Post-Secondary Proprietary School

Final premium can vary based on underwriting factors

How this works?

If you are a non profit select Corporation

All future bond correspondence and renewals will be sent to this address

Clear pricing.Instant issuance.