Tuition Refund Insurance FAQs

Who may benefit from College Parents of America’s Tuition Refund Insurance coverage?

The Tuition Refund Insurance applies to one full-time student of each member of College Parents of America who may have a substantiated "loss" of tuition, academic fees, room and board as a result of a medical withdrawl from an accredited college, university or trade school.

Eligible students include both foreign and U.S. students studying in the U.S. as well as U.S. students studying abroad.

Is Room and Board also eligible for refund under the College Parents of America Tuition Refund Insurance?

Yes, the actual loss or non-refunded portion of Room and Board paid as a result of an eligible medical withdrawal under the Tuition Insurance Plan is eligible for the specific benefit coverage.

What is Tuition Refund Insurance?

The coverage provided as part of membership in College Parents of America is triggered when a covered member suffers a loss as a result of medical withdrawal, including loss of life as a result thereof, that causes the member to withdraw from the accredited educational institution they are attending.  The loss is calculated as the non-refunded eligible tuition, academic fees and room and board that are not refunded to the enrolled member.

What is covered by Tuition Refund Insurance?

Tuition Refund Insurance refunds the cost of attendance including tuition, academic fees, room, board and other related expenses.  Coverage is triggered when a student is forced to withdraw from an accredited educational institution as a result of a medical disability, illness or loss of life as a result thereof.  A loss is calculated based on the non-refunded expenses incurred by the policy holder.

Tuition Refund Insurance coverage includes:

• 100% of covered fees due to Medical "disability" withdrawal
• 100% of covered fees due to the Death of a "tuition payer"
• 100% of covered fees due to the Death of a student
• 100% of covered fees due to Medical "disability" withdrawal due to emotional, nervous or mental disorders
• 0% of covered fees due to Voluntary Withdrawal

When will I receive an insurance certificate for the Tuition Refund Insurance?

Members will receive a certificate of insurance in their fulfillment kit and affiliate members can download the certificate directly from our website or receive it from your sponsoring organization. The Tuition Refund Insurance is in force as long as you are a paid or sponsored member of College Parents of America.

Are there exclusions from the benefit coverage from Tuition Refund Insurance offered by College Parents of America?

Yes, there are exclusions that apply to the Tuition Refund Insurance.

Tuition Refund Insurance does not cover medical expenses or losses resulting from Voluntary Withdrawals not related to a Medical “disability”.

Additional exclusions are as follows:

1) "Loss" which first occurred before the "covered person's" "period of coverage" 2) Failure to attend classes or sessions for any reason that is not listed as a covered cause of "Loss" 3) A change in a "covered person's" enrollment status, for example, changing from resident student to day student, or reduction in number of classes. 4) Early graduation or early completion of classes; 5) War, including undeclared or civil war; warlike action by a military force, including action in hindering or defending against an actual or expected attack, by any government, sovereign or other authority using military personnel or other agents; or insurrection, rebellion, revolution, usurped power or action taken by governmental authority in hindering or defending against any of these; 6) Fear of contagious disease or epidemic; 7) Induction or draft into the armed forces. 8) Catastrophic events other than terrorism of any kind that result in partial or complete closure of your institution. 9) Seizure or destruction of property by order of governmental authority which results in partial or complete closure of your institution; 10) Dishonest acts committed by you or anyone employed by you whether acting alone or in collusion with others.  

Coverage benefits are also excluded if the loss is a result of the use of narcotics, medication or hallucinogen unless prescribed by a physician or intentional self-inflicted injury.

For more information on Terrorism Exlusions, please click here.

How is Tuition Refund Insurance included in College Parents of America membership different from other tuition refund insurance plans?

Tuition Refund Insurance is unique in its scope of coverage where the benefit coverage extends beyond just tuition insurance payments. The Tuition Refund Insurance is designed to cover the non-refunded loss which includes the total cost of attendance such as academic fees, room and board and other academic charges.

• Tuition Refund Insurance is available for full-time students enrolled at accredited college, university or trade schools.
• The plan is available at two-year, four-year and graduate schools and trade schools. 
• The plan is available in all 50 states and District of Columbia and enrollment for the coverage may occur at any time during the semester.

Most other tuition refund plans require the student or parent to purchase an amount based on a full year of tuition in advance.  These school sponsored plans are generally only available prior to the start of each academic semester.

College Parents of America members receive the Tuition Refund Insurance coverage as part of a blanket policy issued by Markel.  In this case, College Parents of America serves as the plan sponsor or policyholder. College Parents of America, founded in 1997, is the nations only organization designed to serve the needs of current and future college parents. 

How does Tuition Refund Insurance work?

Tuition Refund Insurance benefit limit applies per semester of classes.

For example:

How is a claim made?

The member of College Parents of America must file a written proof of loss within 90 days of such loss. The claim shall include written documentation that the student has been granted a medical withdrawal for the remainder of the semester or term of classes due to injury, sickness or death of a tuition payer (parent or student). Signed documentation has to be received from an official of the school as well as a licensed medical doctor.

Who is the Insurance Company?

Markel Insurance, AM Best Rating: "A" Excellent for financial strength and stability. The agent is Next Generation Insurance Group, LLC.

For more information regarding GradGuard Tuition Refund Insurance, please contact GardGuard at 877-556-3984.