Tuition Refund Insurance

Tuition Refund insurance protects schools and parents from the financial consequences of a student's forced or voluntarily withdrawal prior to term completion.

In an era of high unemployment, parents may be more likely to enroll if the school has a tuition refund policy. #

With Tuition Refund Insurance, a school's revenue source is preserved, the financial burden on families is relieved, and economic losses are prevented. Schools that offer tuition refund possess a valuable competitive advantage. In an era of high unemployment, parents may be more likely to enroll if the school has a tuition refund policy.

Who should consider purchasing this type of insurance?

This product is ideal for Private K-12 Institutions and Colleges. The Tuition Refund plan reimburses the unused insured tuition and fees ('covered tuition') at the benefit level selected when a withdrawal results from a covered cause of loss. Gallagher Student offers the flexibility to tailor a program based on an institution's specific needs.

Basic Benefits

  • 100% of covered tuition for medically necessary withdrawal
  • 75% of covered tuition for medically necessary withdrawal due to mental and nervous disorders
  • 100% of covered tuition for death of a tuition payer*
  • 100% of covered tuition for death of a student
  • $5,000 benefit for accidental death of a student
  • 100% of covered tuition for epidemic closure

Multiple Enrollment Options Are Available

  • Compulsory Coverage - Students are automatically enrolled through the school
  • Mandatory Coverage - Mandated for each student who is on a payment plan or otherwise does not pay the full tuition in advance
  • Voluntary Coverage - Students are given the choice of purchasing coverage on their own
  • Opt-Out Coverage - Each family is automatically enrolled for coverage, unless they 'opt-out' through the tuition contract

Benefits to Your Institution

  • $5,000 accidental death benefit
  • Customized, 'a la carte' plan design options
  • Online enrollment for voluntary plans
  • Flexibility to enhance/decrease benefits from 50% to 100% for any coverage
  • Full compliance with state mandates
  • Complete account management services