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South Carolina Postsecondary Institution Bond

Post Secondary Institution Bond in South Carolina
Nonpublic Postsecondary Institute bond
License & Permit Bonds
Price: Depends on application
Post Secondary Institution Bond in South Carolina

Nonpublic Postsecondary Ins...

The State of South Carolina
Nonpublic Postsecondary Institute bond

Surety Bond Details

State: South Carolina
Category: Nonpublic Postseconda...
Class: License & Permit Bonds
Obligee: South Carolina Commis...
Amount: * Varies, see table below
Duration: Stated on Bond
Expiration: Stated on Bond

Cost: Depends on applic...

The State Of South Carolina
Nonpublic Postsecondary Institute bond
Category:
License & Permit Bonds
Obligee:
South Carolina Commission on Higher Education
Amount:
* Varies, see table below
Duration:
Stated on Bond
Expiration:
Stated on Bond
Surety Bond Insurance
 
SORPid: B-20
Nonpublic Postsecondary Institute bond Details
Post Secondary Institution Bond in South Carolina
Post Secondary Institution Bond in South Carolina

Post Secondary Institution Bond in South Carolina

The South Carolina Non-public Post Secondary Institution Bond is designed to help students recover prepaid tuition fees if their enrolled institution shuts down before they can complete their programs. This type of surety bond is regulated by law and requires institutions to contribute an amount equivalent to ten percent of their projected gross tuition income for initial licensure or ten percent of their actual gross tuition income for the prior year for renewals.

*Based on the previous year's annual gross tuition income, the following are the required bond amounts:

Tuition IncomeSurety Bond Amount
$0 - $100,000$10,000
$101,000 - $200,000$20,000
$201,000 - $300,000$30,000
$301,000 and above10% of tuition income per $100,000
Nonpublic Postsecondary Institute bond

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How do I get a Post Secondary Institution Bond in South Carolina?

The application process for a Post Secondary Institution Bond in South Carolina is quick and easy, usually only taking about five minutes from start to bond download (as with most our instant issue bonds). Simply click the "Buy Now" button below, complete the few questions for the bond application, pay your premium online, Docusign the agreements, then download your surety bond delivered via PDF. You can now print your now effective, signed and sealed bond in color.

By posting a surety bond, principals pledge to comply with the conditions of any written contract or applicable law.
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