Insurance Plans For K-12 Schools
Tuition Refund Insurance
Student withdrawals can be a problem for private schools. If your institution is like many other schools, your tuition contract obligates parents for full or partial tuition costs whether the student completes a full term or not. Tuition paid in advance may need to be refunded, or unpaid tuition obligation canceled, resulting in the institution suffering a loss of planned revenue.
On the other hand, strict adherence to this policy may place the institution in an awkward position as student withdrawals are often occasioned by family hardship. Families’ financial burdens increase when families face job loss, transfer, death of a tuition payer, sickness, or injury of a student. While there are many reasons for student withdrawals, the financial consequences for your school are the same. There is a solution. Tuition Refund Insurance!
Our Tuition Refund Insurance plan is an insurance program that protects schools’ revenues and eliminates the financial burden families face when students are forced to withdraw or are dismissed during the academic year. The plan has been specifically developed to provide comprehensive coverage for virtually any event that may cause a student’s withdrawal or dismissal.
Tuition Refund Insurance Plan Coverage Options
Our Tuition Refund Insurance program reimburses covered tuition at a selected benefit level when a withdrawal results from a covered cause of loss.
Covered Withdrawal Clauses:
Medical including Mental Health
Death of the Student
Death of the Tuition Payer
Job Relocation of Tuition Payer
Involuntary Unemployment of Tuition Payer
Academic Dismissal of the Student
Disciplinary Dismissal of the Student
Tuition Refund Insurance Plan Enrollment Options
Families that pay in various installment plans may be required to participate.
Each family is automatically enrolled in the plan.
Parents are given the option to purchase coverage.
What to do Next?
It is a very simple and quick process to produce a plan proposal for your school.
Simply complete The Tuition Refund Insurance Plan Application (DOC)
E-mail it to David Galvin at: firstname.lastname@example.org
If you have any questions, please call David Galvin at 866-284-5964, or contact us with the link below: