Browsing Tag

tuition protection

Student Life

Starting College on the Right Foot

February 23, 2022

College is a whole different ball game than high school, and contrary to popular belief, it has nothing to do with the classes or work you’ll be doing. For many students, college is the first time you will be responsible for yourself in more ways than one. One of the most significant differences is being in complete control of your education. You get to decide what you would like to study and what classes you get to take. You have the power to determine your academic future!

For many students, this can be overwhelming with so much new incoming information. We are here to help give a few pointers to ensure that you don’t overlook important details, whether it is your first semester or your last.

Important Policies and Procedures to Know

One of the most important things to look into when choosing a college or university is what policies they have in place. This can often get overlooked when enrolling because so many exciting things are happening all at once. Some of the policies we suggest you look into are:

  • Student and Class Policies – This can include policy and procedure documents related to student life at your university for things like student leaves, student misconduct, grading, courses, degrees, and even the quality of campus life for all students. It is vital that you also look into the policies on adding or dropping classes, important enrollment deadlines, and even the refund policy should you need to withdraw from classes. Of course, no one wants to think about bad things happening, but you should be prepared for the unexpected and be aware of what your school can do or not do if something were to happen.
  • Renters and Tuition InsuranceGradGuard offers protection plans designed specifically for the risks of college life. Pipes burst, backpacks get stolen, and illness or injury can keep you from your studies. Many colleges and universities do not offer refunds if a student needs to withdraw from classes after the first few weeks of class. Nearly all schools don’t replace stolen or damaged student property, either. Both of these factors can be detrimental to a student’s success. GradGuard is smart to consider given all of the risks that could happen.

Schedule

Managing a schedule is hard, but you can get the hang of it in no time with some practice. Before classes start or when you have some spare time, take a moment to think about all of the different things on your plate: attending classes, doing homework, studying, sleeping, hanging out with friends, and taking care of yourself; not just by eating the proper meals, but creating a budget or having clean clothes to wear. Details like this can get pushed aside when life becomes hectic, but knowing this ahead of time is an excellent way to ensure they don’t get forgotten. These are all essential everyday things that are vital for us to succeed in life, but can be hard to manage the different elements for the first time on our own. Lean on your friends and family to help you create a schedule that works for your so one of these areas in your life doesn’t suffer.

Work-Life Balance 

A good work-life balance is often talked about, but frequently overlooked. It’s easy to get stuck in the mindset that you must work, work, work all the time. But with all that hustle comes the great need for rest. You must have the appropriate downtime to relax and recuperate after using your body and brain. Eating healthy meals and getting the right amount of sleep is just as crucial to your success as making sure you attend classes and study. If we put out too much energy and don’t give ourselves enough time to unwind, it can lead to bigger problems like excessive stress, weight gain, and even depression. You will need to know your limits and listen to your body when it tells you it is time for a break. It can always be hard to say no in college, but there will always be another chance to do something. If you need to stay home and take care of yourself, your friends will understand! Understanding this concept now will benefit you greatly in the future with your career.

Resources

With this in mind, it can be hard to keep track of important resources and departments you may need in the future. Your college or university most likely will offer many different services or people on campus that you can turn to if you need help getting on the right track. 

  1. Staff – If you need help understanding any university policies, you can reach out to your academic advisor or a faculty member. They have a solid understanding of procedures if there is something that you do not understand.
  2. Study Centers or Resource Labs – There are often many tools available to students that are not well known. If you need help with classes or course material, the university or your specific college may have a tutoring program to assist you when needed. 
  3. Health Services – When you are feeling under the weather or are struggling with your mental health, you can visit your school’s health services facility. This is important if you are sick or if you are having a hard time balancing your workload. They should have doctors and counselors available to you when you need them, and the good news is you don’t have to travel far to get medical help if and when you need it.
  4. Student Handbook -Another place that you may be able to find information you are looking for is in your student handbook. You should read through this at the start of the semester to make sure that you understand the policies and procedures that are in place. This may also include details such as how to join clubs and organizations on campus, give you an idea of surrounding stores and restaurants by campus, and maybe even some student discounts!

There’s a lot of information to consider when you’re first starting college, but it shouldn’t be too overwhelming. Start early and don’t panic; make checklists of the most important stuff to know and you’ll be good to go!

Student Life

Why Tuition Insurance is an Essential Consideration for College Families

July 19, 2021

For many college families, higher education is one of the most significant investments they will ever make. With so much money at stake, college parents need to make a plan for the unexpected in case their student is forced to withdraw from school due to a severe injury or illness. 

What is Tuition Insurance?

For most of the 20 million college students and their families, the financial loss of an entire college semester is a significant enough burden to break the bank. Tens of thousands of dollars are on the line, and college families are wise to consider purchasing tuition insurance before the start of the semester. Tuition Insurance provides a refund for tuition, room and board, and academic fees when schools may not in the event of a covered medical withdrawal. It’s not drop-out insurance, and students must completely withdraw from classes due to a covered injury or illness. 

College is a fun time to meet new people, create memorable experiences, and of course, learn. That’s not to say it doesn’t come without risks. Knowing some of the most significant financial risks will prepare you for the unexpected. 

Tuition Insurance: What’s Covered?

Tuition insurance may not have been essential for all families to consider 30 years ago when college was more widely affordable, and school refunds were more generous. But things have changed. Given the high cost of college and less generous refund policies, tuition insurance is an important benefit that colleges and universities can offer to protect their students. 

Coverage for Major Injuries and Illnesses, Including Covid-19

Even before the pandemic, ordinary medical conditions, not just Covid-19, are a source of large financial losses for both students and schools. GradGuard is the only major provider in the country to cover withdrawals due to becoming ill with Covid-19. 

The 2020 National Student Health Assessment from the American College Health Association data reveals some of the ordinary risks college students and their families face today and the impact it has on degree completion:

  • Concussion: 2.2% 
  • Mononucleosis (mono): 56.9%
  • Stress: 43.7%
  • Death of a friend/family member: 40.5%
  • Influenza (flu) or flu-like illness: 50:4%
  • Orthopedic injury (broken bone, fracture, sprain, etc): 2.5%
  • Cold/virus or other respiratory illness: 42.1%

Many students arrive at college with ongoing chronic conditions that may interfere with their studies, such as anxiety and depression. GradGuard’s Tuition Insurance covers controlled pre-existing conditions for medically cleared students to attend school. 

Mental Health Coverage Included

Last fall, college families and experts alike were most worried about students becoming ill with Covid-19. This year, the focus is on how the pandemic has dramatically impacted the mental health and wellbeing of college students. 

GradGuard became the first and only program in the country to cover mental health as a condition. The growth in student mental health concerns looms as another risk to families’ investments when paying for college. 

Among the troubling trends:
  • 2020 report by the American College Health Association found more than half of nearly 9,000 students surveyed experienced anxiety or depression
  • A nationwide study published by the Journal of Adolescent Health found that rates of moderate to severe anxiety and depression among U.S. college students rose substantially over the last few years — from 18% and 23%, to 34% and 41%, respectively.
  • 2020 survey by the American Council on Education found 68% of college and university presidents say student mental health and well-being is top concern

Room and Board and Academic Fees are Also Covered

Tuition Insurance covers more than just the cost of tuition. GradGuard’s plans can also cover room and board and academic fees. Most higher education institutions only provide a partial refund of tuition during the first five weeks of a semester, and virtually no schools provide refunds for academic fees or housing. 

Conclusion

More than 20 million college students are getting ready to head to campus in the fall. After an extraordinarily challenging year due to the pandemic, families are looking for ways to protect their investments from the unexpected. 

By working with more than 400 colleges and universities nationwide, GradGuard can offer students and their families comprehensive and affordable coverage for up to 100% of the cost of college, including student housing, tuition, and academic fees. Each policy also includes Student Life Assistance, which helps families through the logistics accompanying an unexpected student withdrawal. GradGuard’s mission is all about helping more students graduate. With Tuition Insurance, students who are forced to withdraw are given the rare opportunity for a do-over

Major or chronic illnesses, accidents, and injuries frequently happen, even to young and healthy college students. The good news is that college families can protect their investment in higher education by purchasing tuition insurance. Visit GradGuard.com/Tuition to see the plans available on your campus. 

Terms, conditions, and exclusions apply. Plan(s) underwritten by BCS Insurance Company or Jefferson Insurance Company. AGA Service Company is the licensed producer and administrator of these plans. Plans include insurance benefits and assistance services. Contact AGA Service Company at 800-284-8300 or 9950 Mayland Drive, Richmond, VA 23233 or customerservice@allianzassistance.com.