How Much Does a Private School Bond Cost in Massachusetts?
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What Does a Private School Bond Protect Against?
The bond typically guarantees that the school will operate in accordance with contractual commitments made to students and representations made in its recruitment, advertising and career materials. It ensures that the institution complies with rules and regulations as defined by the regulatory authority and pays damages resulting from fraud or misrepresentation in procuring enrollment in a Private Occupational School or from a breach of contract. Finally, the bond may cover tuition reimbursement in the unfortunate event that the institution is forced to shut down.
Other Helpful Information and Links
PRIVATE OCCUPATIONAL SCHOOL BOND FORM for M.G.L. CHAPTER 112 § 263