GradGuard for Higher Education

More Evidence - Adoption of Tuition Insurance by Schools Continues to Grow

Posted by John Fees on Nov 19, 2018 10:02:12 PM

2018 has been a milestone year for GradGuard.

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

Survey Finds Families Struggle to Navigate FAFSA; Financial Aid Officers are Parents' Top Pick for College Planning Advice

Posted by John Fees on Sep 13, 2018 4:19:12 PM

Since Bill Suneson and I founded GradGuard, we have always been focused on providing useful insights to the trends facing higher education. 

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Topics: Allianz Global Assistance,, Tuition Protection Plan, nacubo,, tuition refunds, Financial Literacy, financial aid, Student Loans

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

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

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

Education Dive Webinar on Growing Confidence of Students & Families

Posted by GradGuard on Jan 30, 2018 1:13:03 PM

The growth in medical events that can disrupt a students education is a concern for everyone committed to increasing college completion.  The data in the chart below demonstrates the trends from the American of College Health Association national panel on student health.  

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Topics: Tuition Protection Plan, tuition refunds, Tuition Insurance, tuition refund insurance

Protecting International Students

Posted by John Fees on Jun 2, 2017 6:10:27 PM

This is a big week for professionals who serve international students. 

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Topics: College Life Protected, Tuition Insurance, tuition refund insurance, Tuition Protection Plan, international, Best Practices by Colleges, college renters insurance, international students

Do you provide 100% refunds?

Posted by John Fees on May 16, 2017 7:47:24 PM

If your institution does not provide 100% refunds to students then it is prudent to determine how your college or university can verify that the institution has disclosed its refund policy.

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Topics: Bursars,, Tuition Protection Plan, tuition refund insurance, Transparency, Disclosures, Refund Policy

Taking Tuition Insurance to the Next Level

Posted by John Fees on May 5, 2017 4:33:21 PM

We are very pleased to be working with Allianz Global Assistance to help take tuition insurance to the next level.  Very pleased to share this public announcement. Thanks to our partnership, schools and families have access to world-class service and valuable protections offered through our Tuition Protection Plan

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Topics: College Life Protected, Tuition Insurance, tuition refund insurance, Tuition Protection Plan

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 Protection Plan, tuition refunds, naspa, nacubo,, Higher Education

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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