Maryland Private Career School Bond
What is a Maryland Private Career School Bond?
The State of Maryland Higher Education Commission requires that Private Career Schools maintain surety bonds. The bond is posted as part of the licensing process that allows the entity to offer educational services in the areas of academic, professional, career, technical, or trade training.
Why is a Maryland Private Career School Bond Required?
The bond guarantees that the institution will operate in accordance with contractual commitments made to students and representations made in its recruitment, advertising and career materials. The bond also covers tuition reimbursement in the unfortunate event that the institution is forced to close or cease operations. The bond amount varies and is based on the tuition amouts paid to the school.