GradGuard for Higher Education

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

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

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 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

Professional Development Group Webinar On Best Practices for Disclosing & Managing Tuition Refunds

Posted by GradGuard on Sep 22, 2016 9:21:35 AM

Every year, unexpected events happen that can often disrupt a student's education...and when they do, GradGuard's Tuition Protection Plan can help pay for the potential financial loss experienced by the school and family.  

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Topics: tuition refund insurance, Tuition Insurance, Transparency, tuition refunds

Do you wish you could provide 100% refunds for students?

Posted by GradGuard on Jul 13, 2016 9:44:06 PM

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.  

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Topics: tuition refund insurance, Tuition Insurance, 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

Does your campus provide 100% refunds?

Posted by GradGuard on May 4, 2016 1:39:30 PM

If your campus does not provide 100% refunds for medical withdrawals, 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.  

There is still time to implement a tuition refund insurance program for this year. Please contact us today if we can be of service to you and your students.

Help Us Protect Our Students & Institution

Please note that as families prepare to make their financial deposits to enroll in the fall semester, it is worth evaluating how your campus discloses their refund policies to each student.

A 2014 survey of 814 college parents found that many parents don’t know the answer.      

  • 71% of parents did not recall be informed of the university medical refund policy
  • 66% of parents had no idea of how the university would handle a medical withdrawal

The same 2014 survey of college parents revealed that only 26% would not 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.Can_you_return_to_college_chart_copy

 

Though medical withdrawals are an 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.  

Therefore, if your campus does not provide 100% refunds for medical withdrawals, 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.


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Topics: tuition refund insurance, Tuition Insurance, Transparency, tuition refunds

Not to be Missed 2016 Conference Presentations

Posted by John Fees on Feb 18, 2016 9:18:19 PM

It is reassuring to find so many higher education officials focused on issues related to increasing college completion rates.

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Topics: student success, tuition refund insurance, Tuition Insurance, Refund Policy, Transparency, Disclosures, tuition refunds, Bursars,

"Transfarency" by Southwest Airlines / Transparency for Students

Posted by John Fees on Nov 16, 2015 10:20:21 PM

Have you noticed a new strategic marketing campaign created by Southwest Airlines? If not, you can check the entire campaign on their website.

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Topics: Travel, Parents, tuition refund insurance, student risk, Transparency, tuition refunds, Student Benefits, regulation

Transparency is a Topic Larger than Texas

Posted by GradGuard on Nov 2, 2015 1:40:08 PM

We recently attended Texas Buc$ - a conference of the student financial services staff and bursars throughout the great state of Texas.  GradGuard student benefit programs are available at many Texas institutions and it is reassuring to be reminded of the growing value of our services to colleges and universities.

In particular, student financial services professionals appear to be more committed then ever to making sure students and their families are not surprized by institutional policies. This commitment to promoting greater transparency is noteworthy and should help reduce the low awareness of insitutitonal policies. 

Indeed, a 2014 survey of 814 college parents found that many parents don’t know the answer.      

  • 71% of parents did not recall be informed of the university medical refund policy
  • 66% of parents had no idea of how the university would handle a medical withdrawal

The same 2014 survey of college parents revealed that only 26% would not 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.

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.  

Therefore, if your campus does not provide 100% refunds for medical withdrawals, 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.  

As most higher education professionals realize promoting greater transaprency requires an institutional commitment.  Clearly "Transparency" is larger than Texas and an important topic for every campus in the nation.

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: tuition refund insurance, Tuition Insurance, 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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