Fees/Bonds

Arizona SARA Council Fees

The AZ SARA Council fee is an annual fee and is based on an institution’s total full-time equivalent (FTE) student enrollment as shown in the most recent IPEDS 12-Month Enrollment Component Summary (as provided on pg. 3 of the application) and is assessed as follows:

  • $3,500.00/year for institutions with fewer than 10,000 FTE student enrollments
  • $7,000.00/year for institutions with 10,000-19,999 FTE student enrollments
  • $14,000.00/year for institutions with 20,000-39,999 FTE student enrollments
  • $21,000.00/year for institutions with 40,000 or more FTE student enrollments

Institutions requiring a W-9 for payment can access the form here:

Download Arizona SARA W-9 Form

Arizona SARA Council fees may only be paid by check. Always make a copy of your check and submit the copy with your application electronically. Checks may be delivered one of two ways:

Mail: If you are attending via conference call, please mail your check with tracking to the below address. It is advised to mail checks with tracking and forward the the tracking number/documentation to ldueck.azsara@riosalado.edu. Ensure the check is mailed to the Cashier's Office

Rio Salado College
Cashier's Office
c/o AZ SARA Council
Lanna Dueck, Executive Director
2323 W. 14th St.
Tempe, AZ 85281
 

Hand Delivered: If you are attending the Council meeting in person, please bring your check with you to the meeting.  

Make checks payable to: Maricopa County Community College District - Rio Salado College c/o Arizona SARA Council. Please note that checks that are not properly made out may not be accepted for payment.

AZ SARA Council Bond OR Assignment of Account Requirement

 A requirement of the application is that non-public (private postsecondary) institutions post a bond or Assignment of Account:

  1. Based on the most recent IPEDs reported time frame, the bond/account will be in the amount of 10% of Gross ONLINE Tuition Revenue for students in SARA states ONLY.  The minimum amount of the bond/account will be $50,000; the maximum amount is $500,000.
  2. The institution must use the prescribed below form as provided by the AZ-SARA Council;
  3. The Surety Company must have a BEST rating of A or higher;
  4. The bond/account must remain continuously in effect as an approved AZ-SARA institution.

Download Arizona SARA Surety Bond Form 

Download Arizona SARA Assignment of Account Form

NC SARA Fees

This annual fee is based on an institution’s total full-time equivalent (FTE) enrollment as shown in the Integrated Postsecondary Education Data System (IPEDS) and is assessed as follows:

  • $2,000/year for institutions with fewer than 2,500 FTE students
  • $4,000/year for institutions between 2,500-9,999 FTE students
  • $6,000/year for institutions with 10,000 or more FTE students

 Visit the NC-SARA site for more information on NC-SARA fees and payment details.