Withdrawing From College? GradGuard's Tuition Insurance Is Here To Help

By Allie Mitchell on September 4, 2016

School has started, and you are so amped up to go to your classes and continue your education, but somewhere along the way you get very ill, financial situations get in the way, or life is just getting you so down to where you just can’t keep up with what is going on.

You as a student are forced to make the tough decision of whether or not to stay in school or withdraw. It is not an easy decision, is it?

In a recent press release, GradGuard noted that in result of college withdrawal you won’t get refunded back your thousands of dollars you have spent on your education, although, within the first week of classes you can assume that you will be refunded your money, aside from your academic fees being mandatory and non-refundable.

A 2015 survey of university bursars and health admins showed that about 84 percent of institutions do not provide students with a 100 percent refund. This should not come as a surprise to students whatsoever.

pixabay.com

GradGuard is one of the few places that offers you something that may ease your pain a little: tuition insurance which can help minimize your risk of financial loss due to withdrawal. The insurance is there for primarily if you need to withdraw for a covered medical reason, so that you can protect your investments, i.e. your tuition and fees.

GradGuard offers special pricing and coverage options to more than 100 colleges and universities; the tuition services they offer are typically about $135 for about every $10,000 of coverage you need. They are there to help you if you need it, so be aware of the resources at hand.

Considering certain options before doing anything is always a healthy option. You want to make sure to consider the following before making any moves:

•What is my school’s refund policy?
•Can I afford the financial loss if something happens?
•Get the protection you need BEFORE classes start!

GradGuard is here to help protect you in the ways you need, so you aren’t stressed if something happens later. College students are at a higher risk for reported mental illness and medical issues, so make sure to cover yourself before an issue breaks out and not after. The insurance won’t be there to help you after.

Make sure to equip yourself with the right tools before making any moves — believe me, you will thank yourself in the long run.

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