Private School Bond

A private school bond is a form of insurance purchased by a private school that guarantees students and parents will receive at least a portion of their tuition money back if the school closes before the end of the school year. Also referred to as a tuition bond, a private school bond is typically required by the state. This bond protects parents and students in the unlikely event of a closure, while also providing additional assurances to prospective students and parents who may question the school’s financial situation.