Mississippi Proprietary School Bonds
In Mississippi, proprietary schools and agents soliciting students on their behalf must be bonded with the state to protect prepaid tuition funds and guarantee compliance with licensing rules.
Bond Overview
- Purpose: To guarantee schools follow state laws and protect prepaid tuition funds
- Who Needs It: Mississippi proprietary schools and agents soliciting on their behalf
- Regulating Body: The Commission on Proprietary School and College Registration
- Required Amount: $50,000 for schools, $10,000 for agents
- Premium Rates: Typically 1–5% of the total bond amount, credit-based
Keep scrolling to learn more about how proprietary school bonds work.
What Is a Mississippi Proprietary School Bond?
These surety bonds are required for licensing a school with the Mississippi Community College Board – Commission on Proprietary School and College Registration. Proprietary school bonds ensure that schools follow the law and operate ethically — protecting the public from illegal actions and financial loss.
How Much Do Proprietary School Bonds Cost in Mississippi?
Bond prices are personalized based on underwriting review.
- The $50,000 school bond starts at $375.
- The $10,000 agent bond starts at $75.
You can expect to pay a rate of 1-5% of the bond amount depending on your credit. Apply for your free quote now.
SuretyBonds.com offers the lowest rates available from our nationwide network of surety providers with no added fees.
How Does a Mississippi Proprietary School Bond Work?
By purchasing this bond, you enter a legally-binding contract between three parties:
- Principal: You, the proprietary school owner or agent
- Obligee: The Mississippi Community College Board – Commission on Proprietary School and College Registration (CPSCR)
- Surety: The provider issuing the bond
These bonds protect the students and tuition-payers if a school goes out of business or violates licensing rules. 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.
Who Needs a Proprietary School Bond?
A proprietary school bond is required for all proprietary school owners applying for a Mississippi business license. Additionally, surety bonds are required for all agents involved in soliciting students for proprietary schools.
How Do I Get a Proprietary School Bond in Mississippi?
SuretyBonds.com provides the fastest and easiest way to get a proprietary school bond. To get started, follow these simple steps:
- Apply: Fill out the application form to get started
- Receive Quote: Receive your personalized bond quote within one business day or less
- Purchase: Checkout on our secure online portal
We’ll email your official bond form immediately after processing — typically same-day!
Can I Get Bonded With Bad Credit?
Yes, you may be able to get a proprietary school or private school agent bond even with bad credit. However, keep in mind that this may lead to a higher premium. When you apply, we will explore our nationwide markets to find the best available rate for you. Apply now to get started!
How to Renew Your Proprietary School Bond
You must renew your Mississippi proprietary school bond before the current one-year term ends. These bonds are continuous until canceled, so you must pay your renewal invoice to remain active for another term.
A SuretyBonds.com account representative will contact you during the renewal period to collect payment and provide further instructions to ensure your bond remains active for the upcoming term.
Check out our How to Renew Your Surety Bond page for more information.
How to Open a Proprietary School in Mississippi
To get a proprietary school license from the Mississippi CPSCR, you must complete the following steps:
1. Submit application
To begin the process, you need to:
- Contact CPSCR at (601) 432-6185
- Pay the $25 application fee
- Receive login credentials via email
- Complete the application, providing details on school ownership and enrollment
2. Pay fees
Once your application is ready, pay the total fees of $3,000, which includes:
- $2,500 application fee
- $500 agent license fee
3. Provide required bonds
You will need to provide the following bonds as part of the application process:
- A $50,000 proprietary school bond
- A $10,000 agent bond
4. Meet additional requirements
Verify these details for your school:
- Adequate facilities, faculty and resources
- Programs that meet student learning objectives
After completing these steps, you can legally operate as a proprietary school or school agent in Mississippi.
Note: Before selling courses or soliciting students to enroll on behalf of your institution, individuals must secure an Agent Permit Application from the commission.
