Insurance Benefits

College parents face similar risks and concerns and frequently look for solutions to mitigate these risks. College Parents of America has researched the needs of college parents and the risks facing their students. As a result, our members receive or have access to unique insurance benefits provided by Next Generation Insurance Group.


Make sure your family is prepared for the unexpected with the Student Protection Plan from GradGuard™. This exclusive suite of benefits helps enhance the personal security of your student thanks to its tailored features. With benefits like Cell Phone Protection, 24-Hour Roadside Assistance, and Tuition Refund Insurance, you won’t want your student to leave for school without it!

 



Do you have a high deductible on your homeowners insurance policy? Does your homeowner’s insurance provide coverage even if your student changes status and becomes a part-time student? If so, College Parents of America suggests that you evaluate renters insurance for your college student. GradGuard™, offers a reliable "replacement-cost" alternative that includes both personal property and liability protection.


Think of how many times your student swipes his or her credit card or debit card each day at school - coffee before class, an extra notebook at the bookstore, lunch with a friend, a snack on-the-go... Is your child protected in case of identity theft? With ID Theft Protection and Resolution you can help protect your student and get insurance for losses from ID theft.

This valuable benefit is included in eligible College Parents of America memberships:


Eligible College Parents of America members enjoy $5,000 of annual tuition refund protection for the non-refunded losses caused by an unexpected medical withdrawal, including not only the cost of tuition, but also academic fees, room-and-board and other legitimate costs associated with attending an accredited college or university. See Tuition Refund Insurance FAQs for more information.

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The Student Protection Plan is a benefit program for College Parents of America, a national membership organization, and is managed by Next Generation Insurance Group. The description of coverage provided is for information purposes only. Actual coverage will be based on the terms and conditions of the benefits provided and may vary slightly dependent on state regulatory requirements.

Tuition Refund Insurance is underwritten by Markel Insurance Company, Deerfield, IL. Administrative office, Waukesha, WI. Coverage is not available in all states. Coverages, limitations and exclusions may vary by state. Refer to the full policy and member certificate for complete coverage details. Eligibility is based on student's state of residence.

GradGuard is a service of Next Generation Insurance Group, LLC. For Next Generation Insurance Group licensing information, please visit http://www.nextgenins.com/licensing-information.


Tuition Refund Insurance for College Parents of America Members

Tuition Refund Insurance is included in the Student Protection Plan provided to each College Parents of America member and refunds tuition and fees if a students is forced to withdraw from school due to an unexpected illness or injury.   

$5,000 per academic year

  • 100% reimbursement due to an accident or injury.
  • 100% reimbursement due to sickness.
  • 100% reimbursement due to a mental health condition.*
  • 100% reimbursement due to the death of the primary tuition payer.
  • 100% reimbursement due to the death of the student.
  • 0% for voluntary withdrawal

Please read the Tuition Insurance Frequently Asked Questions section for specific questions regarding tuition refund insurance benefits.

*If a withdrawal is due to a mental health issue, a hospitalization stay of at least 24 hours, within 30 days of the date of withdrawal, is required. In Vermont, to receive 100% coverage for medical or mental health related withdrawals, a student must be hospitalized for 2 consecutive days within the period of coverage.  Without hospitalization, students are eligible for up to 60% coverage.

Tuition Refund Insurance is underwritten by Markel Insurance Company, Deerfield, IL. Administrative office, Waukesha, WI. Coverage is not available in all states. Coverages, limitations and exclusions may vary by state. Refer to the full policy and member certificate for complete coverage details. Eligibility based on student's state of residence.

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