TUITION REFUND INSURANCE

Protecting Your Investment

College tuition is one of the largest investments a family can make, yet many colleges do not provide a complete refund if a student faces an unexpected “need to withdraw” that is a result of a medical situation, accident or illness.

Though some schools may provide a partial refund for tuition up through the fifth week of school, few schools refund the costs beyond tuition, such as books and academic fees. Consequently, students may benefit from having a minimum level of tuition refund insurance. Note that tuition refund insurance is not drop-out insurance. It protects the student’s family from the loss that may result from a medical withdrawal.

Tuition Protection Checklist:

• Determine what refund amount, if any, you will receive in the case of a medical withdrawal due to an unexpected injury, accident or illness.
• Determine how much tuition insurance you will need to protect your investment for each academic term.

• Tuition Payment _____________
• Room and Board _____________
• Books and Academic Fees _____________
• Total Potential and
  Non-Refunded Loss _____________