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Tuition Refund Insurance

Each year many college students across the country are unable to complete classes for the semester due to medical issues that arise, including illness, accidents, concussions, or mental health related issues. According to Beloit's refund policy, depending on the timing of the withdrawal, you may not be eligible to receive a refund of some or all of your tuition and fees.  In many cases, families are unable to recover all of their tuition dollars, ultimately resulting in a financial hardship. Therefore, we are pleased to make Tuition Refund Insurance available to any interested families. 

The GradGuard™ Tuition Refund Insurance and Student Protection Plan provides students with an exclusive suite of benefits designed to help protect you during your academic careers.

GradGuard Tuition Refund Insurance, underwritten by Markel Insurance Company, will refund your family for the cost of tuition, room and board, and other eligible academic fees and costs (up to your chosen policy limits) should you be unable to complete an academic term, as recommended by a doctor, for a covered medical reason.

The GradGuard Student Protection Plan is a bundle of student benefits that includes valuable coverage for their cell phone, ID theft and resolution services, and local and national retail discounts. In addition, the Student Protection Plan provides $25,000 of coverage for a student if a parent dies accidentally while the student is in school. For complete terms and conditions of each benefit, please visit GradGuard.

 

For coverage details and exclusions, go to GradGuard. Coverages may vary by state. Tuition Refund Insurance is underwritten by Markel Insurance Company, Deerfield, IL. Administrative office, Waukesha, WI. 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 some states, this requirement may be modified to a 2-day hospitalization.

This information is valid as of March 2015. For the most up-to-date program information, please visit GradGuard.

The GradGuard Student Protection Plan includes membership in College Parents of America. Benefits are subject to change annually. For complete terms and conditions of each benefit please visit GradGuard.