GradGuard strengthens tuition protection program

GradGuard, a provider of college tuition and renters insurance programs, has expanded its tuition insurance protection to include the covered loss of employment of a tuition payer as a covered reason for withdrawal.

Tuition insurance can already provide reimbursement for a complete medical withdrawal due to a covered illness or injury, and death of a student or tuition payer. The new addition is designed to cover non-refunded eligible expenses when a student withdraws due to the tuition payer being terminated or laid off by a current employer (not including seasonal or temporary positions or if the termination is due to the tuition payer’s fault).

This benefit is not yet available in the state of Washington.

“GradGuard aims to help college students and their families overcome events that may disrupt their college education. We understand that the unexpected loss of a tuition payer’s job can have a devastating impact on a student’s ability to continue their education. By working with our partners at Allianz Global Assistance to include this coverage, we’re providing an extra layer of protection for students and families during these uncertain times. Our mission has always been to help students and families protect their investment in higher education. Schools that provide GradGuard to their students help promote greater confidence in the investment they are making in higher education. College students and their families are smart to ask their school for GradGuard’s extra level of protection.” – John Fees, co-founder and CEO of GradGuard.