WI Private School Choice bonds.
From $100. Enter your amount.

Wisconsin's Private School Choice Programs can require a participating private school to post a surety bond payable to the state, equal to 25% of the payments it expects to receive. The premium is 1% of the bond amount, with a $100 minimum, shown at the application. This bond carries a statutory June 30 renewal.

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Required under Wis. Stat. 118.60 and 119.23 for Choice schools that do not meet the financial test

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Amount equals 25% of expected Choice payments for the school year — payable to the state

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1% of the bond amount, $100 minimum — enter the amount DPI requires and your exact price appears at application

1% / $100 minthe rate-based price shown at applicationNo credit reviewnot even a soft pullInstantapproval for most

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How it works

Apply to filed in one sitting.

No underwriting queue for the standard Choice bond — enter your amount, pay, and file with DPI. Here is the whole thing:

TODAY · ONLINE

Apply online

Your school details, the bond amount DPI required, and the effective date — that is the entire application.

INSTANTLY

Issued on the spot

The application collects no credit information, and most applicants approve instantly — the executed bond is generated 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 credit score.

BY YOUR DPI DEADLINE

File with the Department of Public Instruction

Submit the executed bond to DPI — the bond carries a statutory June 30 renewal date. Wet-ink originals mailed whenever DPI insists.

About this bond

What it is and who needs it.

What the Choice bond actually covers

Wisconsin's Private School Choice Programs — the Milwaukee, Racine, and statewide parental choice programs run by the Department of Public Instruction (DPI) under Wis. Stat. 119.23 and 118.60 — let eligible students attend participating private schools on state-funded vouchers. The program protects those dollars with a surety bond requirement.

A participating school must provide a surety bond payable to the state equal to 25% of the total payments it expects to receive under the program that school year — unless it instead submits an anticipated budget and evidence of financial viability that DPI accepts. The bond is the alternative for schools that don't meet the financial test.

A school that chose the bond in its first year must keep filing it (generally by May 1 annually, with a statutory June 30 renewal) until it provides a standard consolidated financial audit and meets DPI's other requirements. If DPI recovers on a valid claim, the school repays the surety; it is not insurance for the school. Enter the figure on your DPI notice and premiums start from $100.

Wis. Stat. 118.60(7m) & 119.23(7m) (DPI)Under Wis. Stat. 118.60(7m) and 119.23(7m), a private school participating in the Wisconsin Private School Choice Programs must provide a surety bond payable to the state equal to 25% of the total payments it expects to receive that school year, unless it submits an anticipated budget and evidence of financial viability acceptable to DPI. A school that selects the bond must continue filing it (generally by May 1 annually) until it provides a standard consolidated financial audit and meets DPI's other requirements. Confirm your required amount on your DPI notice.

You need this bond if you are

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A Choice-participating private school DPI has determined doesn't meet the financial test

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A new Choice school that selected the bond instead of the budget/viability option

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Renewing your Choice participation and re-filing the annual bond by your DPI deadline

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A school not yet audit-eligible still filing the bond until a consolidated audit is in place

One application, issued on the spot.

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

Start the application →

FAQ

Common questions.

How much is the Wisconsin Private School Choice bond?The premium is 1% of the bond amount, with a $100 minimum, shown at the application. The amount itself equals 25% of the Choice payments your school expects to receive that year, so it scales with your enrollment. Enter that figure to see your price.

Does every Choice school need a bond?No. A school can instead submit an anticipated budget and evidence of financial viability that DPI accepts. The bond is the alternative for schools that don't meet that financial test, and a school that chose the bond keeps filing it until it has a standard consolidated audit in place.

When does the bond renew?This bond carries a statutory June 30 renewal date, and schools on the bond option generally re-file by May 1 annually. We send renewal notices ahead of the deadline so your filing stays continuous.

Who is the bond payable to?The state of Wisconsin, for the benefit of DPI. It protects the department against a participating school failing to meet its obligations under the Choice program.

Is there a credit check?The application collects no credit information. Most applications approve instantly; if a check runs, it is a soft pull that never affects your credit score.

Related bonds

Other Wisconsin bonds.

Choice program bond, issued today.

Premiums from $100. Enter the amount DPI required and file by your deadline.

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Your premiumfrom $100

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