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Proprietary & Postsecondary School Bonds

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Louisiana Proprietary & Postsecondary School Bonds

In Louisiana, private colleges and career colleges must be bonded to ensure they follow regulations and protect prepaid tuition funds.

Bond Overview

  • Purpose: To guarantee proprietary and postsecondary schools follow state laws and protect tuition funds
  • Who Needs It: Louisiana postsecondary degree-granting schools and proprietary schools 
  • Regulating Body: Louisiana Board of Regents — Division of Planning, Research & Performance
  • Required Amount: $10,000 
  • Premium Rates: Typically 1–3% of the total bond amount, credit-based

Keep scrolling to learn how the bonding process works.

What Is a Louisiana Proprietary School Bond?

Vocational schools and career colleges must file a $10,000 certificate of registration bond with the Louisiana Board of Regents. This type of surety bond ensures trade schools operate ethically and legally. 

Schools must also file a blanket bond if they employ solicitors for prospective students in Louisiana. This creates financial liability if solicitors break permit regulations. Together, these proprietary school bonds protect the state, students and tuition-payers from harm.

What Is a Louisiana Postsecondary Degree-Granting School Bond?

Academic and religious degree-granting institutions in Louisiana that offer postsecondary education also need to file a $10,000 bond to be licensed with the Board of Regents. This bond ensures the school operates according to license rules and regulations and protects prepaid tuition funds if the school unexpectedly closes.

How Much Do School Bonds Cost in Louisiana?

Louisiana proprietary and postsecondary school bonds cost $100 for most applicants. However, exact premiums are personalized based on underwriting review. You can expect to pay $100–$300 depending on your credit.

Additionally, proprietary schools need $1,000 in bond coverage for each solicitor they employ. Rates are 0.75–2% for applicants with good credit. Apply for your free quote now.

Bond Type
$10,000Proprietary School Bond
$10,000New Postsecondary Degree Granting School Bond
$1,000Private School Solicitor Bond1 solicitor
$2,000Private School Solicitor Bond2 solicitors
$3,000Private School Solicitor Bond3 solicitors
$4,000Private School Solicitor Bond4 solicitors
$5,000Private School Solicitor Bond5 solicitors
$6,000Private School Solicitor Bond6 solicitors
$7,000Private School Solicitor Bond7 solicitors
$8,000Private School Solicitor Bond8 solicitors
$9,000Private School Solicitor Bond9 solicitors
$10,000Private School Solicitor Bond10 solicitors

SuretyBonds.com offers the lowest rates available from our nationwide network of surety providers with no added fees.

How Does a Louisiana Proprietary or Postsecondary School Bond Work?

By purchasing a surety bond, you enter a legally-binding contract between three parties:

  1. Principal: You, the proprietary school or postsecondary school owner 
  2. Obligee: The Louisiana Board of Regents — Division of Planning, Research & Performance
  3. Surety: The provider issuing the bond

If you, as the principal, fail to uphold the bond terms, claims can be made against the bond. The surety will pay valid claims, which you must reimburse.

How Do I Get a Proprietary School Bond in Louisiana?

SuretyBonds.com provides the fastest and easiest way to get a trade school or degree-granting school bond. Just follow these simple steps:

  1. Apply: Fill out the quick, online application form 
  2. Quote: Receive your personalized bond quote within one business day or less
  3. Purchase: Checkout on our secure online portal

We’ll email your official bond form immediately after processing — typically same-day!

How Do I Renew My Bond?

You must renew your Louisiana proprietary school bond before the current one-year term ends. These bonds are continuous until canceled, so you just need to pay your renewal invoice to remain active for another term. 


Check out our How to Renew Your Surety Bond page for more information.

How to Open a Proprietary School in Louisiana 

To get a proprietary school license from the Louisiana Board of Regents, complete the following steps:

1. Submit request

Submit the $25 application fee and the request form. The Board will send you an application packet with the required forms. Review and call the staff with any questions.

2. Gather materials

Prepare the following materials required for your application:

  • Application form
  • Business plan
  • Audited balance sheet 
  • Proof of a $10,000 surety bond

3. Apply and revise as needed

Submit your application between the 1st and 5th of the given month. The Commission will review it within two weeks and provide any revisions.

4. Attend commission meeting

Once revisions are complete, your application will be added to a Commission meeting agenda. A school representative must attend and speak at the meeting. Finally, the Commission will vote on whether or not to approve your license. 

In total, it typically takes 6–9 months to get approval for a Louisiana proprietary school license. As soon as the Commission votes you in, you can begin enrolling students. 

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