New Hampshire Career School Licensing Bond
AmeriPro Surety Bonds | 844-589-9732
Private Postsecondary Careers Schools – New Hampshire
Private career schools operating in New Hampshire are regulated by the state’s Department of Education.
A condition of licensing is that the appropriate surety bond amount is furnished to the Department. The amount required is:
- A minimum of $10,000 surety bond;
- Or, in an amount which is sufficient to reimburse students in case your contractual obligations to them cannot be fulfilled. The amount of surety bond is determined by 1. the number of students or potential students and 2. the estimated expenses in conducting an investigation and processing of any claims.
Qualifying and the Premium
For any New Hampshire career school licensing bond up to and including a $50,000 surety bond requirement, our agency offers streamlined processing.
What this means for you is that after completion of a short bond application — which we’ll take from you directly over the phone — and payment of the premium, our agency issues this bond to you immediately for filing with the NH Department of Education.
The premium will be 1% of the surety bond’s amount.
Amounts Greater than $50,000
If you require a surety bond amount greater than $50,000, the following procedures are followed:
- The same surety bond application; however, you will be required to sign the application before submission.
- An underwriter review. After the signed application is received by our agency there will be an underwriter review of the application, which includes a business or personal credit check. Good credit will be required to obtain approval.
Upon approval of your good business or personal credit, the 1% premium for the bond will be required.
After the premium is paid, our agency issues this bond to you immediately for filing. Along with your surety bond, there will be a Power of Attorney (POA) form included.
You will sign your bond as Principal and file it along with the POA to:
New Hampshire Department of Education
101 Pleasant Street
Division of Educator Support & Higher Education
Concord, NH 03301
Purpose of Your Surety Bond Requirement
As referenced above, the purpose of your surety bond is a financial guarantee for your students that your career school will honor all contractual obligations in accordance with the New Hampshire law.
AmeriPro Surety Bonds provides career school licensing surety bonds wherever required nationwide.
We are also a provider of license and permit surety bonds in all 50 states.
Please call our agency today at:
Or, you may fill out the form below and an agent will contact you…