Does your campus provide 100% refunds? If not, learn how GradGuard's tuition insurance can.

March 16, 2019 3:01:30 PM EDT / by GradGuard

Every year, unexpected events happen that can often disrupt a student's education. When they do, GradGuard's tuition insurance program can help verify that each student has been given the opportunity to protect themselves from a preventable financial loss.

The most recent data of surveyed institutions report that 84% of schools do not provide 100% refunds. Indeed, if your institution does not provide 100% refunds, then you are likely aware that the withdrawal can be devastating for a student and their family.

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In fact, a 2018 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 it can make the situation worse if they are also surprised by learning that they are not also eligible for 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 2019.  Just contact us today to see if your campus are eligible for GradGuard's modern form of tuition insurance - the Tuition Protection Plan from Allianz Global Assistance

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In addition, GradGuard & Allianz Global Assistance will be attending NACUBOs Student Financial Services Conference in New Orleans and will be happy to meet you in person.

By the way, just in case you don't think your campus has a withdrawal problem, 45% of schools surveyed report a growth in medical withdrawals. In fact, ACHA data suggests that unexpected medical events are a more common factor behind withdrawals than some campuses recognize.


Topics: tuition refund insurance, Tuition Insurance, tuition refunds, college refunds,, Article


Written by GradGuard

GradGuard’s mission is to help schools protect the investment in higher education of the students and families they serve. Each student deserves the opportunity to succeed and protect their investment in college. By protecting students and their families from risks from college life, GradGuard helps reduce the cost of college and promote greater student success. GradGuard's modern tuition and renters insurance programs are valuable student benefits available through a network of more than 330 colleges and universities. Since 2009, GradGuard's insurance programs have protected more than 700,000 students and families. For more insights on #collegelife follow @GradGuard

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