GradGuard for Higher Education

Helping to Reduce the Growing Cost of Student Withdrawals with GradGuard

Posted by John Fees on Nov 8, 2017 12:39:22 PM

GradGuard's mission is to help protect the investment student's and their families make in a higher education. We aim publish research and bring attention to trends of vital interests to our colleagues who work to promote greater student success.

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Topics: student health, tuition refund insurance, Tuition Insurance, Student Benefits

Student Health & Helping to Reduce the Growing Cost of Student Withdrawals with GradGuard Tuition Insurance

Posted by John Fees on May 2, 2017 8:21:16 PM

GradGuard's mission is to help protect the investment student's and their families make in a higher education. We aim publish research and bring attention to trends of vital interests to our colleagues who work to promote greater student success.

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Topics: student health, tuition refund insurance, Tuition Insurance, Student Benefits

March Conference Season & Data That Leaders at NACUBO, NASPA and Ellucian can Agree On

Posted by John Fees on Mar 19, 2017 1:12:48 PM

March is a busy month for our higher education colleagues.  With the NACUBO Student Financial Services conference, NASPA's annual meeting and Ellucian Live occuring all during the same month, many of us spend the month traveling between valuable industry gatherings.  

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Topics: student health, Tuition Insurance, tuition refunds, Higher Education, nacubo,, Tuition Protection Plan, naspa

45% of Schools Surveyed Report an Increase in Student Medical Withdrawals

Posted by John Fees on Mar 13, 2017 6:05:00 AM

The 2017 Survey on Student Withdawals & Refunds has revealed that nearly half of schools survyed report an increase in student medical withdrawals. 

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Topics: student health, tuition refund insurance, Tuition Insurance, tuition refunds, nacubo,, Tuition Protection Plan, naspa

NPR Story on student Who did not complete her degree due to illness and is now defaulting on her student loan

Posted by John Fees on Feb 2, 2017 12:15:39 PM

National Public Radio published this story on student loan defaults and begins with a former student who did not complete their degree due to a medical illness.

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Topics: student health, Press, Tuition Insurance

Reducing the Cost of Withdrawals

Posted by GradGuard on Nov 14, 2016 12:09:44 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 is now available to schools who are looking to provide refunds to students who have to withdraw from school due to a 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 (coverage for addiction, high risk activities or death of a student that lead to a student withdrawal) and a lower price.

Learn More about the Tuition Protection Plan

 

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

Growing Cost of Student Withdrawals

Posted by John Fees on Jun 9, 2016 12:10:36 AM

As colleges and universities conclude the Spring term and prepare for a new academic year, it is worthwhile to pause to evaluate the cost of student withdrawals on your campus. Clearly student withdrawals are a costly event for all involved. Institutions depend on the funds that students pay in tuition and fees.  Families and students are often not prepared to recover from the financial loss.

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Topics: student health, tuition refund insurance, College Life Protected, Tuition Insurance, tuition refunds

The Cost of Medical Withdrawals

Posted by GradGuard on Aug 4, 2015 12:30:00 AM

Though student medical withdrawals are infrequent, they appear to be a growing concern for institutions and the families they serve.  A 2015 survey of college officials estimated that 41% of campuses report having more than 1% of students complete a medical withdrawal a year and 59% indicating less than 1%. 

Clearly 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 from both a medical event but should not be surprized by learning after the fact that the instituion may not provide a refund.  

The American College Health Association publishes data that demonstrates the trends and frequency of medical events that may disrupt a students education.  In the most recent report the 2014 annual survey revealed:

If your campus does not provide 100% refunds for medical withdrawals these medical events and the potential medical withdrawal that results can be devastating for a family. In fact, a 2014 national survey of 800 college parents revealed that only 26% would be able to afford the financial loss / additional semester and 51.2% of students said it would be difficult or not possible to absorb the loss.

As students return to campus for the start of college, we like to remind our college and university partners to recommit to disclosing their refund policies to each student. GradGuard recommends that your institution provide notice to each student of your refund policy and also provide the opportunity for students to protect themselves from the financial loss that may result from an unexpected medical withdrawal.  

Please contact us today if we can be of service to you and your students.

Help Us Protect Our Students & Institution

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

Common Practices in Managing College Tuition Refunds & Disclosures

Posted by GradGuard on Apr 28, 2015 4:53:00 PM

We believe it is vital to understand the common practices of colleges and universities, which is why each year we seek to sponsor research on important topics of concern to both institutions and the families they serve.

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Topics: student health, Tuition Insurance, Transparency, college completion, Disclosures

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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