Tuition Insurance Frequently Asked Questions
Why do I need tuition insurance?
Just as you purchase insurance to protect your home and car, tuition insurance allows you to protect the investment you make in higher education for yourself or your student. Tuition insurance can reimburse you for non-refundable tuition, fees, and room and board costs (up to the amount of your policy limits) should you or your student have to withdraw from school for a covered reason.
What does tuition insurance cover?
Tuition insurance can reimburse you for up to 100 percent of tuition costs, as well as fees, room, and board.
Won't the school reimburse my tuition payments if I must withdraw?
The University policy is that there is no reimbursement after the 20th day of classes.
When is the best time to purchase tuition insurance?
It is recommended that tuition insurance is purchased prior to the first day of classes for each academic term. GradGuard has extended the purchase and modification period to the 100% refund date.
Is there a date where the policy is locked in and modifications can’t be made?
Students can enroll and modify the plan up to the 100% refund date.
If a student pays for tuition for 15 hrs, purchases the insurance, and then the student drops to 12, is a refund of policy premium available?
A pro-rated refund may be available. Contact GradGuard for additional information.
If I add or drop a class after the start of the semester, can the policy be modified?
Yes, GradGuard has extended the purchase and modification period to the 100% refund date.
Can coverage be canceled at any time?
Yes, students will be reimbursed at a pro-rated amount.
How long does the policy last?
The policy begins on the first day of classes and covers the academic term.
What is included in non-refundable costs?
Non-refundable costs can include tuition, fees, room and board costs that are not refunded by the school.
Are miscellaneous expenses covered?
Miscellaneous expenses can include books, computer equipment, and other miscellaneous items within the $1000 amount.
Are either on-campus and off-campus housing covered?
Yes. Coverage can include early termination fees associated with vacating on-campus or off campus housing as a result of a covered medical condition (including early termination of utility and housing contracts) during the covered term and effective policy dates.
Does the housing portion of this tuition insurance policy cover any personal property or liability loss?
No, the policy does not include personal property or liability insurance coverage (renters insurance).
Does tuition insurance only cover expenses incurred from medical-related reasons?
Medical conditions can also include mental health issues, suicide, and Covid-related illnesses. .
Are pre-existing conditions covered?
Yes, GradGuard provides reimbursement if the covered student needs to leave school because of a covered chronic medical or psychological condition as long as the student was medically able to attend school and did not have any symptoms of the condition on the policy purchase date.
Are international students eligible to participate?
Yes, International students will need to use a US address when applying online, contact GradGuard for additional information and assistance.
Can online students participate in the plan?
Yes, online only students can participate in the insurance plan.
Am I covered while studying abroad?
Students studying abroad who pay their tuition and fees to their home school, not the study abroad program, can be covered.
Will a student who withdraws from college be covered under the plan?
Yes, reimbursement will be provided if the covered student needs to leave school because of a covered chronic medical or psychological condition as long as the student was medically able to attend school and did not have any symptoms of the condition on the policy purchase date. Complete withdrawal is required for the academic term.
Is a student eligible for tuition insurance if he or she is paying for college with student loans or financial aid?
Yes. Students who pay for all or part of their tuition using a student loan are still eligible for tuition insurance and a refund of their tuition. If the student is still responsible for paying back the student loan after they withdraw, then GradGuard Tuition Protection Plan by Allianz Global Assistance may refund that amount minus any refunds given by the school. The same applies to any financial aid. However, tuition reimbursement insurance only reimburses expenses paid out of pocket, not grants or scholarships paid directly to the school.
How do I check the status of a claim I've filed?
Call 1-888-427-5045 to check the status of your claim.
Are tuition refunds paid directly to me or to the person who purchased the policy?
Once a claim is approved, payment is made directly to the policyholder. The policyholder is the individual who purchased the insurance.
How long will it take for my claim to be processed?
We begin to process your claim once we receive your claim form and all supporting documentation. Please allow up to 10 business days for us to complete this process.
How do I file a claim?
Please call 1-888-427-5045 to begin the claim process. Once you have filed your claim, you will receive a confirmation email as well as required documentation.
How do I submit my claim documents?
Please mail, fax, or email your documentation to: Allianz Global Assistance Attn: Tuition Claims Dept. P.O. Box 72031 Richmond, VA 23255-2031 Fax: (804) 673-1469 Email: email@example.com Phone: 1-888-427-5045
How do I get the required forms or another copy of my policy documents?
Call 1-866-724-4384 to request forms or an additional copy of your policy documents.
How do I cancel my plan?
We are pleased to give you the opportunity to review your plan. If you are not completely satisfied for any reason, you may cancel your plan at any time and receive a refund of any unearned premium. Please note that this refund is only available if a claim has not been initiated. Please call us at 877-794-6603 or email us at firstname.lastname@example.org for cancelation inquiries.
Don't see what you're looking for? Contact the GradGuard tuition insurance advisers at 1-888-427-5045.