The Council on Postsecondary Education is Kentucky’s governing body which regulates the licensing of postsecondary schools.
The surety bond requirement, a prerequisite for licensing, is met by compliance with the following:
By statute, the Kentucky postsecondary education bond will have an expiration date on June 30th.
For any dollar amount up to and including $50,000, applicants for the Kentucky postsecondary education bond will need to merely complete an application and pay the premium, which is 1% for a full term.
There is no credit check nor underwriter review for this surety bond up to $50,000. The bond will be issued to you immediately upon payment of the premium with no delay.
Applicants who require a surety bond greater than $50,000 will complete the same surety bond application, and there will also be a credit review.
Applicants who are approved will require good credit and will pay just 1% of the amount required.
Since the bond has an expiration date of June 30th of the same or following year, depending on when the bond is purchased, the premium may be prorated.
While this surety bond is required of your postsecondary school, its purpose is for the benefit of your enrolled and tuition paying students. The surety bond protects the tuition paid by your students in 3 key ways:
AmeriPro Surety Bonds is a surety bonds-only agency which provides license and permit surety bonds throughout Kentucky.
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