And if like most institutions, your policy has limitations, it's advisable to offer families the opportunity to consider the benefits
of tuition insurance.
Generally,
tuition insurance covers certain qualified events, barring recovery in the event a student drops out simply because they are not interested in higher education, or that particular institution.
Take some time to review the policy of your college or university, and then review
tuition insurance policies in an effort to close any gaps in the tuition refund policy.
If the student is still responsible for paying back the student loan after withdrawing from school,
then tuition insurance will refund that amount minus any refunds given by the school.
To get your no - obligation
tuition insurance quote, please give us some basic information about college costs and your state of residency.
That
makes tuition insurance an especially smart buy for parents of students with chronic illnesses, such as diabetes or auto - immune disorders.
Most tuition insurance policies require that the circumstances for withdrawal are unforeseen, and the reasons also must be covered under the insurance policy.
But, with families so focused on other important parts of the college selection process, they may not have had the time to look
into tuition insurance.
While the concept
of tuition insurance is straightforward, every tuition refund plan has its own rules and limitations.
If you think your child is at particular risk, remember that for just $ 29.95 per term,
Allianz Tuition Insurance offers reimbursement up to $ 2,500 for withdrawal based on a covered mental health concern, with a 100 % reimbursement option also available.
RICHMOND, VA. (Wednesday, Oct. 25, 2017)-- A new study
from tuition insurance provider Allianz Global Assistance finds that parents of prospective college students believe that college is a key to future success but have... Read Article about Half of College - bound Families Unable to Save for Tuition Despite Seeing Value
RICHMOND, VA. (June 25, 2015)-- Allianz Global Assistance, a leader in consumer specialty insurance, recently rolled - out its national
college tuition insurance offerings in Arizona, North Carolina, Georgia, New Jersey, and Michigan giving state residents the opportunity to be among the first in the U.S. with access to this new financial safeguard.
Offering families the option to protect themselves with Allianz
Tuition Insurance provides the opportunity to be more transparent and direct in disclosing your refund policy.
None of these reasons is covered by typical
tuition insurance programs, which only offer tuition refunds when a student withdraws due to illness, injury, psychological conditions or death.
RICHMOND, VA. (Wednesday, Oct. 25, 2017)-- A new study from
tuition insurance provider Allianz Global Assistance finds that parents of prospective college students believe that college is a key to future success but have struggled to put money away to pay for it.
Here you'll find answers to some of the most commonly asked questions
about tuition insurance from Allianz Global Assistance.
«Thinking about the toll withdrawal can take on a family, particularly for those struggling to save, colleges and universities can provide
tuition insurance as one more tool to help students reach their academic and career goals,» said Mason.
Allianz
Tuition Insurance reimburses you directly for unrefunded tuition and fees in the event your student leaves a college, university or other post-secondary school before the end of the semester regardless of your school's own refund policy.
And remember that unlike some other tuition protection coverage plans, Allianz Global
Assistance tuition insurance covers existing medical conditions.
Tuition insurance helps colleges to provide a better withdrawal experience by covering non-refundable tuition, housing, and fees in the event a student needs to unexpectedly withdraw following a covered illness, injury, mental health disorder, or other covered reason.
Unlike some other tuition refund plans, Allianz Global Assistance
tuition insurance also can cover existing medical conditions.
Over 130 schools currently offer Allianz
Tuition Insurance directly through Allianz Global Assistance or through our partner, GradGuard.
And considering that the average private college tuition is $ 47,000 per year, Pinder - Amaker recommends investing
in tuition insurance.
This first - of - its
kind tuition insurance is also now available to residents of Georgia, New Jersey, Michigan, and North Carolina, with other states being added in the weeks and months ahead.
Allianz
Tuition Insurance starts at $ 29.95 per term and each plan includes Allianz Global Assistance's proprietary Student Life Assistance, a 24/7 service that assists families in the event that a student becomes ill or injured.
Tuition insurance reassures parents that their child's education is protected and they won't lose a big chunk of the money they've saved for college.