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Tuition Refund Insurance

 

 

 

 

 

 

 

Insurance Plans for Schools

Tuition Refund Insurance

Student withdrawals can be a problem for private schools, colleges, and universities.  If your institution is like many other educational schools, your tuition contract obligates parents for full or partial tuition costs whether the student completes a full term or not.  Tuition paid in advance may be refunded, or unpaid tuition obligation canceled, resulting in the institution suffering a loss of planned revenue.

On the other hand, strict adherence to this policy may place the institution in an awkward position as student withdrawals are often occasioned by family hardship.  Families’ financial burdens increase when families face job loss, transfer, death of a tuition payer, sickness, or injury of a student.  While there are many reasons for student withdrawals, the financial consequences for your school are the same.  There is a solution.  The Tuition Refund Plan!

Tuition Refund Plan is an insurance program that protects schools’ revenues and eliminates the financial burden families face when students are forced to withdraw or are dismissed during the academic year.  The Tuition Refund Plan has been specifically developed to provide comprehensive coverage for virtually any event that may cause a student’s withdrawal or dismissal.

Tuition Refund Plan Coverage Options

The Tuition Refund Plan program reimburses covered tuition at a selected benefit level when a withdrawal or dismissal results from a covered cause of loss.

Covered Benefits Include:

  • Medical Withdrawals
  • Mental Health Withdrawals
  • Medical Absence
  • Death of the Student
  • Death of the Parent
  • Family Relocation
  • Voluntary Withdrawal
  • Dismissal of the Student

Tuition Refund Plan Enrollment Options

Requirement Coverage:

Families that pay in various installment plans may be required to participate.

Opt-Out Coverage:

Each family is automatically enrolled for coverage unless they opt-out of the insurance.

Voluntary Coverage:

Parents are given the option to purchase coverage.  Brochures that include enrollment materials are provided and can be distributed with tuition contract information.

What to do Next?

It is a very simple and quick process to produce a plan proposal for your school. 

  1. Simply complete the Tuition Refund Plan Application (PDF)
  2. E-mail it to David Galvin at:

If you have any questions, please call David Galvin at 866-284-5964, or use the form below.

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