GradGuard Tuition Insurance Plan
Do you need tuition insurance?
What happens when your education is disrupted by an unexpected injury or illness? Depending on the timing of the withdrawal, you may not be eligible to receive a refund for all of your tuition and fees. GradGuard Tuition Insurance can help students and parents avoid a financial loss due to an unexpected medical withdrawal from school.
- GradGuard can reimburse up to 100% of the student’s investment, including other school-invoiced fees, after a withdrawal due to a covered
- Covered withdrawals can take place any time during the covered term
- GradGuard offers members special access to an Assistance Hotline to help students and their families take care of emergencies and unexpected issues
What does tuition insurance protect?
GradGuard Tuition Insurance can reimburse tuition, room, board, and other eligible fees if a student withdraws at any time during the covered term due to a covered reason such as:
- Covered Serious Injury or Illness such as mononucleosis, a severe head injury or COVID-19
- Chronic Illness such as diabetes or an auto-immune disorder
- Mental Health Conditions like depression, anxiety, suicide/attempted suicide
Tuition insurance must be purchased before the first day of classes and is offered as a voluntary benefit to our families, your participation is not required but highly recommended. The school is not compensated for this program. Learn more by calling GradGuard at 877-794-6603 or visiting GradGuard’s website.
FAQ
GradGuard Tuition Insurance can help students and families overcome the financial loss of an unexpected withdrawal. Plans can provide reimbursement for tuition payments, room and board, and other nonrefundable academic fees if a student withdraws due to a covered illness, injury, mental health condition, and more.
Tuition Insurance can strengthen existing refund policies and can provide reimbursement for non-refundable tuition, housing, and other education-related expenses if a student withdraws due to a covered medical reason, at any time during the covered term. GradGuard Tuition Insurance can provide a financial safety net for student and families who want to protect their investment in higher education.
GradGuard tuition insurance is similar to offering trip insurance for airline or travel investments, and only the purchaser can make the decision on whether the protection should be purchased.All attending students and families are made aware of the option to purchase tuition insurance (through GradGuard directly) so they can protect their financial investment or request more information if they are interested.
Students and families can find out more information at gradguard.com/tuition or by calling (877) 794-6603. Your purchase of tuition insurance must occur before the first day of classes for the term of coverage.
Claims can be processed at any time. To be eligible for coverage the event/incident must occur within the plan’s coverage period. The claims process begins by calling (888) 427-5045. The GradGuard FAQ is a helpful resource for any questions: https://gradguard.com/support
If you need other forms of documentation to support your claim, please reach out to the appropriate resources on campus as needed.
Terms, conditions, and exclusions (including for pre-existing conditions) apply. Plans only available to U.S. residents and may not be available in all jurisdictions. Recommended and provided by GradGuard, a service of Next Generation Insurance Group, LLC (NGI), the licensed agent for all insurance programs. Insurance plans include insurance benefits and assistance services. Pricing may vary by state. Insurance benefits are underwritten by Jefferson Insurance Company (NY, Administrative Office 9950 Mayland Drive, Richmond, VA 23233) rated “A+” (Superior) by A.M. Best Co. A+ (Superior) is the 2nd highest of A.M. Best’s 13 Financial Strength Ratings. Non-insurance benefits/services are provided by AGA Service Company. Claims are administered by Allianz Global Assistance (AGA). AGA and Allianz Tuition Insurance are marks of AGA Service Company or its affiliates. AGA Service Company is an affiliate of Jefferson Insurance Company. Plans include insurance benefits and assistance services. Except as expressly provided for under the plan, consumer is responsible for charges incurred from outside vendors. Contact AGA Service Company at 888-427-5045 or 9950 Mayland Dr., Richmond, VA 23233 or tuition@allianzassistance.com.