Tuition Insurance now offered through GradGuard
We believe it’s important to offer an easy, affordable way to protect the investment your family has made in higher education. That’s why Salem State University is pleased to announce we have partnered with GradGuard™ to provide our families with tuition insurance featuring special plans and rates not available to the general public. Tuition insurance can help refund your tuition, fees, and housing, up to the policy limits, if you are unable to complete the semester due to a covered medical reason.
This insurance program complements and enhances our school's refund policy and we believe families will benefit from this added protection by offering reimbursement for covered illness, injury or mental health withdrawals at any time during the semester.
The deadline to apply is the day before the first day of classes each semester.
What is tuition insurance?
Tuition insurance provides peace of mind by reimbursing tuition costs and other select costs if a student withdraws at any time during the semester for a covered reason such as:
- Serious injury or illness, including mononucleosis, COVID-19, or severe head injuries
- Chronic illness, including diabetes or autoimmune disorders
- Mental health conditions, including depression or anxiety
Watch this one-minute video, Tuition Insurance from GradGuard to learn how it works.
What are the benefits of tuition insurance?
GradGuard’s optional Tuition Protection Plan broadens the scope of the university’s existing refund policy by ensuring reimbursement for tuition, housing and other payments if a student withdraws for a covered medical reason such as an illness, accident, or mental health issue at any time during the term. For more information, rate quotes, and enrollment, visit GradGuard or call 877.794.6603 to speak to a GradGuard insurance specialist.
Covered medical reasons include:
- Serious covered illness or injury
- Psychological/mental health condition
- Death of tuition payer
The plan does not cover a change in the university’s mode of instruction or withdrawal due to fear of the presence of COVID-19.
Students choose their own coverage limit based on their unique circumstances. Reimbursement can include:
- Tuition payments
- Room and board (on or off-campus)
- Other academic fees
The GradGuard Tuition Protection Plan is offered to Salem State University students as a voluntary student benefit to complement the institution’s published refund policy. The university is not compensated for this program. Our partnership with GradGuard provides students who choose to enroll in the program with expanded benefits and reduced cost.
Tuition insurance is completely optional. We encourage all students and families to carefully review coverage details on GradGuard before purchasing. The insurance agreement is between you and GradGuard. Salem State University is not a party to the agreement. Insurance must be purchased prior to the first day of class.
Where can I review a list of FAQs from GradGuard?
Visit the GradGuard Support web page for frequently asked questions.
What happens if I get Covid while on tuition insurance?
Visit GradGuard's Covid-19 Info web page for more information.
How much should I request in coverage?
The system will automatically default to $5000 in coverage. Your tuition and fees may be more or less than that. Please contact GradGuard for a quote and assistance on how much to request in coverage. Visit GradGuard or call 877.794.6603 for an estimate.
How do I enroll with GradGuard?
Visit our Ask the Viking web page, How to: enroll in the tuition insurance.
Terms, conditions, and exclusions apply to all plans. Complete withdrawal from all classes required and must be validated; documentation for all claimed expenses required; withdrawal for psychological/mental disorder requires a hospital admittance; physician recommendation to withdraw from institution is required and will be validated for withdrawal due to illness/injury or psychological/mental disorder. Insurance benefits are underwritten by Jefferson Insurance Company (NY, Administrative Office: Richmond, VA), rated “A+” (Superior) by A.M. Best Co., under Jefferson Form No. 101-C series or 101-P series. Plan(s) may not be available in all jurisdictions. Allianz Global Assistance and Allianz Travel Insurance are brands of AGA Service Company. AGA Service Company is the licensed producer and administrator of [this plan] [these plans] and an affiliate of Jefferson Insurance Company. The insured shall not receive any special benefit or advantage due to the affiliation between AGA Service Company and Jefferson Insurance Company. Non-insurance benefits/products are provided and serviced by AGA Service Company. Consumer may be responsible for charges incurred from outside vendors for assistance or concierge services. Contact AGA Service Company at 888.427.5045 or 9950 Mayland Drive, Richmond, VA 23233 or tuition@allianzassistance.com.