Any private business and/or trade school operating as an educational institution, whether privately owned and operated for profit or nonprofit that offers business or trade and industrial courses usually associated with business training schools, trade schools or specialized skill training schools, must be licensed as such by DE Department of Education.  For schools located outside the State of Delaware or schools located in Delaware, but whom do not receive any revenue directly from students, licensees must post and maintain a Private Business and Trade School License Surety Bond.  The required surety bond is to be for the protection of the contractural rights of students in an amount established by the state and must be for an amount not less than $25,000.00.