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Post Secondary Institution Bond in South Carolina

Nonpublic Postsecondary Institute bond
License & Permit Bonds
Price: Depends on application
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Post Secondary Institution Bond in South Carolina
The process of applying for a Post Secondary Institution Bond in South Carolina Surety Bond is a quick and straightforward process, typically taking only about five minutes from start to finish.

  • The purpose of the surety bond is to provide students with an avenue through which they may recover prepaid tuition at institutions

To purchase your Post Secondary Institution Bond in South Carolina simply click on the "Buy Now" button. You will then be guided through a brief set of questions. After which you'll pay online and sign using DocuSign. Your new surety bond will be signed and sealed as a full-color PDF document for printing.

Securing a Post Secondary Institution Bond in South Carolina surety bond is a commitment by principals to adhere to the stipulations of contractual and legal obligations.

Note: If the bond requires underwriting, it may take up to 24 hours.
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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
State:
South Carolina
Category:
License & Permit Bonds
Obligee:
South Carolina Commission on Higher Education
Amount:
* Varies, see table below
Duration:
Stated on Bond
Expiration:
Stated on Bond
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SORPid: B-20

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Post Secondary Institution Bond in South Carolina Details

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 Income Surety Bond Amount
$0 - $100,000 $10,000
$101,000 - $200,000 $20,000
$201,000 - $300,000 $30,000
$301,000 and above 10% of tuition income per $100,000
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75 Port City Landing #130

Mt. Pleasant SC 29464

1 833 7-SURETY

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