Alabama
Private School Performance Bond

400,000+ Bonds issued to 250,000+ satisfied customers.

Coverage Amount: $20,000 - $50,000
Term Length: 1 year
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What Is an Alabama Private School Bond? 

An Alabama private school performance bond creates a financial guarantee for prepaid tuition funds. This type of surety bond protects students and tuition-payers from financial harm if their school unexpectedly goes out of business or fails to meet contractual obligations.

There is a separate bond requirement for private real estate schools in Alabama. Or, if you work as a sales/recruitment agent, we also issue Alabama private school agent bonds

How Much Do Alabama Private School Performance Bonds Cost?

The Alabama Department of Postsecondary Education requires non-degree-granting private schools to post $20,000 surety bonds. Degree-granting schools must post $50,000 bonds. 

The price of your Alabama private school performance bond depends on your required bond amount, personal credit report and financial credentials. You’ll need to submit current business financials and a personal financial statement when you apply. Surety underwriters will review these materials to determine your personalized bond rate

Premiums start as low as $150 for $20,000 non-degree-granting private school bonds. Request your free quote now!

Bond Type
$20,000Non-Degree Granting Private School Performance Bond
$50,000Degree Granting Private School Performance Bond

SuretyBonds.com provides the lowest rates available with no additional brokerage fees. 

How Does an Alabama Private School Surety Bond Work? 

Alabama private school performance bonds protect students from financial loss if a school closes for any reason. Additionally, these bonds guarantee that private schools operate in accordance with Sections 16-46-1 through 10 of the Alabama Code.

If a school closes or breaks student contracts, tuition-payers can file claims up to the full bond amount. The surety will pay out valid claims, then the principal must reimburse the surety.

How Do I Get a Private School Bond in Alabama? 

To get your Alabama private school performance bond, just follow these steps: 

  1. Submit an online application
  2. Provide financial documentation, if needed
  3. Receive a free quote within one business day
  4. Purchase your bond online or over the phone

Once you check out using our secure online portal, we’ll process and mail the official bond documentation. You can select three-day, two-day or overnight shipping. Then, sign and file the bond with the Alabama Community College System. 

More Resources 

Call 1 (800) 308-4358 to talk with a Surety Expert