At GradGuard, we strive to help students, young adults and their families protect themselves from risk. Whether it’s a helpful tip on this blog or the financial protection a product like our renters insurance can provide in the event of a loss, we work to help make the lives of our readers and customers safer and easier when facing certain risks. Now, we are happy to announce that we have added Tuition Refund Insurance to our portfolio of protection products for college students.
We are pleased to offer Tuition Refund Insurance to students at schools that offer the program. Tuition Refund Insurance provides families with valuable protection if a student is forced to withdraw from a semester due to a covered medical reason, or due to a death of a student or tuition payer. The risks students face while away at school are real. An April 2012 eHealth survey revealed that 43% of students had visited an emergency room for themselves in the past 4 years (source). Health Stats from ACHA-NCHA II Spring 2012 Executive Summary indicate that 31.3% of all students surveyed stated that they felt so depressed that it was difficult to function at some point during the past 12 months.
With products like Tuition Refund Insurance, we hope to help promote student success by helping students avoid financial risks that could make it difficult to complete their degrees. About 4 in 10 students seeking a bachelor’s degree fail to graduate (source), and non-graduate borrowers are 4 times more likely to default on their student loans (source). Tuition Refund Insurance can help families recoup their tuition dollars in the event of an unfinished semester, to help students and their families get back on track sooner.
Visit GradGuard to learn more about Tuition Refund Insurance and whether your school offers this valuable protection for college students and college families.
PS – We wish you a happy and safe New Year!