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Virginia postsecondary school bonds.
From $125.
As a condition of certification to operate, the State Council of Higher Education for Virginia (SCHEV) requires a private postsecondary school to post a surety bond under 8VAC40-31 protecting students’ tuition. Premiums start from $125.
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Three steps. One sitting.
No underwriting queue for the standard school bond — enter your amount, pay, and file with SCHEV. Here is the whole thing:
Apply online
Your school details, the bond amount SCHEV calculated, and the effective date — that is the entire application. It collects no credit information at the standard amount.
Issued on the spot
Most applications approve instantly as soon as you pay. Larger amounts may get a quick review, and if a check runs, it is a soft pull that never affects your score.
File with SCHEV
Submit the executed bond with your certification or recertification packet. Wet-ink originals mailed whenever SCHEV insists.
What it is and who needs it.
What the school bond actually covers
Virginia certifies private and proprietary postsecondary schools through the State Council of Higher Education for Virginia (SCHEV). The regulations at 8VAC40-31 condition certification on a surety bond that protects students if the school closes or fails to honor its refund policy.
The bond is payable for the benefit of students (and their parents or sponsors) who prepaid tuition for instruction the school did not deliver. SCHEV calculates the amount from the school’s unearned prepaid tuition, subject to a minimum the rule sets, and the amount can be recalculated as enrollment changes.
Some schools qualify for a waiver after several years of clean operation, and certain out-of-state public institutions running a branch site are exempt. Whatever amount applies to you, the application collects no credit information at the standard amount, and premiums start from $125.
You need this bond if you are
One application, issued on the spot.
Submit the application with the amount SCHEV calculated — no credit fields to fill out, and the executed school bond is typically generated instantly, ready to file.
Start the application →Common questions.
Other Virginia bonds.
School bond, issued today.
Premiums from $125. Enter the amount SCHEV calculated and file the same day.