Every year, unexpected events happen that can often disrupt a student's education...and when they do, GradGuard's tuition insurance can help pay for the potential financial loss experienced by the school and family.
If your institution does not provide 100% refunds for medical withdrawals, these unexpected events and the potential medical withdrawal that result can be devastating for a student and their family. In fact, a 2016 national survey of more than 500 college parents revealed that only 23% would be able to afford the financial loss / additional semester and 51.% of students said it would be difficult or not possible to absorb the loss.
Students and their families may suffer from a medical event, but should not be surprised by learning a withdrawal that their institution may not provide a refund. As a result, GradGuard helps our college and university partners to disclose their refund policies to each student while also providing the opportunity for students to protect themselves from a potential financial loss through enrolling in GradGuard's affordable tuition insurance program.
There is still time to implement a program for 2016. Just let us know if you would like to learn more or if we can be of service to you and your students. In addition, we will be attending NACUBOs Annual Meeting in Montreal and happy to meet you in person at the Allianz booth number 315.
By the way, just in case you don't think your campus has a withdrawal problem, it is worth checking to see if your withdrawal process is categorizing withdrawals correctly. ACHA data from 2015 suggests that unexpected medical events are likely to be a more common factor behind withdrawals than some campuses recognize.