GradGuard for Higher Education

Growth in campus fires and crimes confirm the value of renters insurance for college students.

Posted by John Fees on Jul 26, 2018 11:45:00 AM

Each year, our GradGuard team makes an effort to update key data regarding campus safety and crime.  We review Clery Act reports as well as other sources of data such as the FBI's Uniform Crime Reporting database. 

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Topics: renters insurance, Campus Fire, Clery Act, Campus Crime, college renters insurance, GradGuard

The Top Five Reasons GradGuard Loves the ACUHO-I National Conference (in no particular order)

Posted by Steve Fucci on Jul 23, 2018 11:50:49 AM

1. Great people and partnerships:

Every year we get to spend time with good people, partners who have become friends, friends who have become partners and those who are just friends! Every year GradGuard hosts a happy hour to celebrate these relationships and this year was by far our best ever! Thank you, to everyone who came out and joined us. Thanks also for the free hugs!

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Topics: ACUHOI, GradGuard

Testimonial - "Tuition Insurance Was Such A Lifesaver"

Posted by John Fees on Jul 18, 2018 2:37:06 PM

The best way to understand the value of GradGuard's tuition insurance to schools and college families is to hear from a customer who enrolled in the program.

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Topics: college life, tuition refund insurance, College Life Protected, Tuition Insurance, Refund Policy, Best Practices by Colleges, tuition refunds, Student Benefits, insurance, Higher Education, Bursars,, nacubo,, college risk, Tuition Protection Plan, college refunds,, Allianz Global Assistance,, Allianz, GradGuard

Introducing, The GradGuard Emerging Housing Professional Scholarship

Posted by Wimer Alberto on Jun 20, 2018 2:58:19 PM

GradGuard, an authority at designing and implementing student benefit programs that help institutions of higher education to attract and retain students, is pleased to announce the launch of the GradGuard “Emerging Housing Professional” Scholarship for residential life and housing professionals.

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84% of schools do not provide 100% refunds, but GradGuard's tuition insurance can.

Posted by John Fees on May 16, 2018 11:28:12 PM

Just a year ago, I was pleased to announce that schools and families now have access to world-class service and valuable protections offered exclusively through GradGuard's Tuition Protection Plan from Allianz Global Assistance. 

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Topics: college life, tuition refund insurance, College Life Protected, Tuition Insurance, Refund Policy, Best Practices by Colleges, tuition refunds, Student Benefits, insurance, Higher Education, Bursars,, nacubo,, college risk, Tuition Protection Plan, college refunds,, Allianz Global Assistance,, Allianz, GradGuard

2018 PDG Bursars Conference Presentation - Decision Design & College Confidence

Posted by GradGuard on Apr 27, 2018 4:10:00 AM

GradGuard was pleased to participate in a panel discussion at this week PDG Bursar 2018 Conference on the topic of The College Confidence Index and Transparency: Helping Students and Families Take Informed Action.   

The panel included co-founder of GradGuard, John Fees, and industry leaders - Daniel Durazo, Allianz Worldwide Partners and Cheryl Cooper of Tuition Management Systems

 

Student financial services professionals including bursars, directors of finance and financial aid administrators all recognize the importance of financial literacy and this presentation helps them understand how careful decision design can also help them serve students better.

Please download the entire presentation to learn how colleges and universities are building confidence in the students and families they serve by adopting easy to implement approaches to help students make informed decisions such as:

  • FERPA notification;
  • Refund policy disclosures and tuition insurance programs;
  • Student health insurance and waiver processes;
  • Residential liability acknowledgement and renters insurance programs.

 Send Me The Presentation on Building Confidence

 

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Topics: College Life Protected, Tuition Insurance, Best Practices by Colleges, business operations,, college refunds,

College Confidence & More + Bursars 2018

Posted by John Fees on Apr 18, 2018 1:56:59 PM

There are several gatherings of higher education officials that I find to be filled with essential truths. 

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Topics: College Life Protected, Tuition Insurance, Consumer Protection, Refund Policy, Transparency, college completion, Is College Worth It, Disclosures, regulation, Higher Education, Bursars,, nacubo,, business operations,, college refunds,

URMIA - The Case for Student Renters Insurance 

Posted by John Fees on Mar 20, 2018 6:17:19 PM

I shared this post recently with for the March edition of URMIA Insights - (University Risk Management and Insurance Association).  The message, however, is important for other leaders in higher education and particularly for those in student housing and student financial services. 

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Topics: student success, college theft, college fire safety, Dorm Life, renters insurance, apartment living, college life, dorm living, College Life Protected, Student Risk Management, student risk, Renting, Best Practices by Colleges, Higher Education Policy, Renters Liability, Student Benefits, insurance, Risk Management, Campus Fire, Student housing, ACUHOI, Higher Education, college renters insurance, URMIA

2018 NACUBO SFS - Tuition Refunds & More

Posted by John Fees on Mar 13, 2018 7:03:00 PM

Today it was my pleasure to join Mike Reynolds of Auburn University to present at the annual NACUBO Student Financial Services conference.  It is always good to share the stage with a higher education veteran and true student financial services professional.  Mike and I had some 

We shared our experiences and research regarding:

Common & Emerging Best Practices for Disclosing and Managing Tuition Refunds.  

Our presentation focused on the growing impact/frequency of student medical withdrawals and the increasing cost of the financial losses experienced by institutions and families.  The discussion aimed to 

  • Understand national research / benchmarks for how schools disclose their refund policies & manage student withdrawals 
  • Understand how schools are reducing the costs and risks of administering tuition refund appeals process
  • Understand how schools are implementing tuition insurance programs to reducing the financial losses caused by students withdrawals.

It isn't always possible for schools to afford the cost of attending an industry conference in person, so I am pleased to share the slides from our discussion through the link below. 

Download the NACUBO SFS Slides 

The slides provide a summary of the industry research and also a review of the experience at Auburn University and other schools who have chosen to embrace a fully transparent approach to disclosing and managing tuition refunds. Given the growth in student medical withdrawals it is prudent for schools that do not provide 100% refunds to provide notice of their institutions refund policy.   

The research contained in the presentation provides a useful baseline for schools to benchmark their own experience in managing the growing cost of refunds.   You don't need to read the research or the slides, however, if you take a moment to consider the following conclusions of the presentation. 

If you are serious about reducing the cost of student withdrawals to your institution and the families you serve, then we recommend that you consider the following practical next steps:

Recommended Next Steps

1. Evaluate your institutions refund policy.

2. How are students provided “notice” of the refund policy?

3. Is your current refund policy administered objectively?

- Avoid subjective & arbitrary administration

4. What is the cost of administering your current policy?

- Confirm you do not accept student health records without a HIPAA release.

5. Adopt a fully transparent disclosure process and offer tuition insurance protection.

 

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Topics: student success, Student Life, student health, Financial Literacy, tuition refund insurance, Tuition Insurance, student risk, Refund Policy, Best Practices by Colleges, Transparency, college parents, tuition refunds, Student Benefits, Higher Education, Bursars,, nacubo,, business operations,, Tuition Protection Plan, college refunds,

Reducing the Cost of College Student Withdrawals 

Posted by John Fees on Mar 4, 2018 2:44:28 PM

If you are like many college and university officials, you are facing a growing number of student withdrawals.  

Student withdrawals are a costly event for everyone. Institutions depend on the funds that students pay in tuition and fees. Students and their families may suffer a financial loss as well as from the trauma of unexpected event such as an illness or injury that disrupts an academic term.

Our research indicates that very few schools provide 100% refunds to students who complete a withdrawal mid-term. Even when a hardship exists such as the death of a parent or substance abuse incident it is uncommon for colleges to provide 100% refunds.

As a result, we are pleased to announce that the GradGuard Tuition Protection Plan from Allianz Global Assistance is now available to schools who are looking to provide refunds to students who are forced to withdraw from school due to illnesses, injuries or other  covered reason.  

The Tuition Protection Plan is offered only to school partners who enter into a non-exclusive participation agreement.  This agreement assures your students that they will receive the enhanced coverages schools expect and students need.

Speak with us to learn more about why our modern tuition insurance programs are an important student benefit and a valuable form of protection.  

Learn More About GradGuard's Tuition Protection Plan from Allianz. 

 

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Topics: student success, Student Life, student health, tuition refund insurance, Tuition Insurance, student risk, Transparency, tuition refunds

College Life Protected

Insights on student risk

GradGuard for Higher Education examines how unexpected losses can affect student success, bringing you the latest in best practices and trends for safety on and off campus.

Here you'll learn more about:

  • Risks on and off campus
  • How schools are using benefits programs to protect and attract students
  • Effects of loss on student outcomes

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