New York Non Degree Proprietary School Bond
The New York State Education Department, Bureau of Proprietary School Supervision, requires all Candidate Schools, or entities who hold a private school license and.or ESL school certification under Section 5001 of the NY Education Law to post and maintain a Non-Degree Proprietary School Surety Bond. The bond must be in an amount equal to the expected tuition for a given year or as set by the Dept of Education and is to be available to any person(s) or for the Tuition Reimbursement Account for material loss suffered as a result of the failure of the school to duly and faithfully perform all agreements or contracts made with their students.
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