Washington D.C. Postsecondary Institution Bond
AmeriPro Surety Bonds | 844-589-9732
Licensing of Washington D.C. Postsecondary Institutions
Washington D.C.’s Higher Education Licensing Commission (HELC) is the governmental entity charged with the regulation of postsecondary schools.
A condition of licensing is that your school obtain a surety bond in the amount required by the HELC.
While no specific surety bond amount is given, the following are applicable:
- It will be $3,000 per agent.
- It is not to exceed $250,000.
This is as noted in the Code of the District of Columbia, §38-1311.
Qualifying and the Premium
Up to a $50,000 surety bond requirement, you and your school are automatically approved for the Washington D.C. postsecondary institution bond. The premium is just 1% of the amount required and is good for one year.
Surety bond requirements for the DC postecondary school bond which are greater than $50,000 require an application, an underwriter review and a credit check inquiry. It might also be helpful to submit financial statements (i.e. banking statements) if your bond requirement is greater than $100,000
For these larger surety bond amounts, good credit is required for approval.
Approval is granted at the same rate of 1%, annually.
Whatever the amount required, upon approval of your surety bond and payment of the premium, your bond is issued to you immediately.
We’ll mail you your bond, which the President and Secretary of your school will need to sign, along with a Power of Attorney form.
All completed documents will then be filed by you to:
District of Columbia Higher Education Licensure Commission
810 First Street NE
Washington, DC 20002
Purpose Of Your Surety Bond Requirement
Your District of Columbia postsecondary institution bond is a financial guarantee for your students should your school subsequently:
- Breach its contractual obligations to students;
- Undergo a bankruptcy;
- Or otherwise end its educational program.
AmeriPro Surety Bonds is a surety bonds-only agency. We provide license and permit, court, and postsecondary school surety bonds nationwide, in all 50 states.
Please call our agency today at:
Or, you may fill out the form below and a Surety Agent will contact you.