Nevada Post Secondary Education Surety Bond
The State of Nevada requires all Post Secondary Educational facilities to be licensed and to post a Post Secondary Education Surety Bond in an amount of not less than $10,000.00. The bond amount is determined by the following equation:
- Tuition x Projected Enrollment x Percentage of Program Length
If the school offers more than one program, each program is calculated and added together.
If the school is eligible for and using Title IV programs, the final calculation would be multiplied by 12% to get the bond amount.
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