Most colleges and universities don’t provide full refunds for tuition and academic fees. It’s something many students and families don’t find out about until after it’s too late, and their investment in college is lost. That’s how GradGuard’s Tuition Insurance can help in the event of an unexpected medical withdrawal.
Kara first learned about GradGuard’s Tuition Insurance when her son, Andrew, was an incoming freshman at Marist College. She said she wanted to make sure that if anything were to happen that was one of the covered reasons, their big investment in his education wouldn’t be lost. Marist is one of the nearly 400 colleges and universities that rely on GradGuard to protect students from preventable financial losses.
College students and families are smart to have GradGuard
Looking ahead, Kara and Andrew’s decision to purchase tuition insurance was smart. She said her son struggled a little bit the first semester.
“When he went back at the beginning of the spring semester, it became clear that he was not going to be successful, for a variety of mental health issues,” Kara said. “Our first priority was to bring him home, which we did.”
Andrew completed a medical withdrawal from school. It was early in the semester, so the family was able to get a partial refund from the school. Then they contacted GradGuard and filed a claim for the balance.
GradGuard provides a refund when schools may not
“The amount that we paid at the beginning of the semester, minus what the school refunded — we got every other cent back from GradGuard,” Kara said. “We were thrilled. That money is for him to pursue his education when he’s ready.”
GradGuard was able to give this family the opportunity for a do-over. That’s not something that happens a lot, let alone in college. But when the unexpected happens, GradGuard can help you get back on track. Learn more about how to buy Tuition Insurance for your school using GradGuard’s college search tool.
Questions to ask your college or university:
What will happen to my tuition payment if my college student is forced to withdraw from school due to an illness or even COVID-19?
What is the school’s refund policy?
Do you offer tuition insurance?