GradGuard Strengthens Student Benefits Programs with Additional Outbreak Protection for Tuition Insurance Plans

GradGuard tuition insurance is the first program to offer national protection against epidemics, including the COVID-19 disease, providing a financial safety net when schools don’t.

PHOENIX, April 8, 2022 /PRNewswire/ — Graduate Guardthe nation’s foremost authority to help protect college students and their families from the risks of college life is pleased to announce the addition of an epidemic coverage endorsement about new tuition insurance plans.

tuition insurance may provide reimbursement for a full medical withdrawal due to a covered illness or injury, including mental health conditions and the death of a student or tuition payer.

The epidemic coverage endorsement can provide protection for when an insured student withdraws entirely from school during the covered period due to becoming ill with any epidemic or pandemic illness, including COVID-19. GradGuard tuition insurance plans purchased on or after February 18, 2022 include the endorsement.

“This new epidemic endorsement shows our dedication to the well-being of college students and their families’ investment in higher education,” he said. john fees, co-founder of GradGuard. “We are working with our partners at Allianz Global Assistance to include this coverage to protect students from the risks associated with Covid-19.”

“We are proud to partner with GradGuard to bring epidemic coverage to college students and their families,” he said. Robert CavaliereSales Director of Allianz Partners USA. “The addition of this important layer of protection in our tuition insurance products is especially timely given the concern about COVID-19 on college campuses.”

Claims due to known, foreseeable or expected events, epidemics, cessation of operations by the school or fear of attending school are generally not covered. GradGuard’s industry-leading tuition insurance program has been adopted by more than 250 institutions across the country, demonstrating the real need for modern forms of financial protection.

GradGuard’s tuition insurance can provide affordable protection that includes up to 100% of the cost of college, including student housing, tuition and academic fees. In addition, each policy also includes Student Life Assistance which helps families through the logistics that may accompany an unexpected student withdrawal.

“Making the decision to drop out of college is never easy,” Fees said. “GradGuard’s tuition insurance can help reduce the financial stress students and families face in these situations and help everyone focus on student well-being.”

It is important for families to keep in mind that even before COVID-19, student health conditions force thousands of students to withdraw from classes each year, without the ability to recoup the thousands of dollars paid for classes, fees, and accommodation.

34% of college students have anxiety.and those rates have risen in recent years, according to data from a Healthy Minds Network Study 2021. Nearly 73% of students reported moderate or severe psychological distress. in it Fall 2021 American Association of University Health National Assessment of University Health poll.

Top 3 reasons GradGuard license plate insurance is a smart move:

  • If the school does not provide a 100% refund – Ask your school about their refund policy.
  • If the student has more than $1,000 of academic expenses – Even if the school offers a 100% tuition refund, most do not refund tuition fees or student housing costs.
  • If the student or family is taking out a student loan – Loans for students and parents must be repaid even if a student must take a medical withdrawal. Tuition insurance can be used to pay off the balance of these loans.

GradGuard’s tuition insurance can help reduce the stress students face in situations where they are considering medical withdrawal. Tuition insurance can reimburse out-of-pocket expenses associated with a student’s housing, tuition, and student fees, helping everyone focus on the well-being of the student. Students with pre-existing conditions may also be protected if they are medically cleared to attend school at the time their plan is purchased.

Additionally, each policy includes Student Life Assistance, which can help families through the logistics that may accompany an unexpected student withdrawal with the following:

  1. Family Travel Assistance – In the event that the insured student becomes ill or injured and requires hospitalization during the covered period, we can help make travel arrangements for you to visit the hospital where the insured student is admitted.
  2. Taking the insured student home after medical care: If an insured student becomes ill during the covered period and requires transportation to a higher level care facility or home, we can arrange transportation to a medical location or facility of your choice . We can also arrange transportation to include a medical escort if required.
  3. Vehicle Return: If the insured student is unable to drive home due to illness or injury, we can arrange for the insured student’s automobile to be driven to their place of residence in the U.S. Please note that the above they are only support services, not financial benefits. The recipient of the services is fully and exclusively responsible for all charges from the providers for the services provided. All plan terms, conditions and exclusions apply.

“Students and their families can rely on schools that provide GradGuard insurance programs to help protect their college investment and are prepared to weather unexpected events that could otherwise disrupt their semester,” Fees said.

For tuition insurance plans purchased before February 18, 2022 that do not include the epidemic coverage endorsement, GradGuard and Allianz Global Assistance currently accept claims for when an insured student withdraws entirely from school during the covered period due to becoming ill with COVID-19. This accommodation is strictly applicable to COVID-19. All other plan terms, conditions and exclusions apply as normal.

About GradGuard: Graduate Guard is the nation’s leading provider of college renters and tuition insurance. Over 450 colleges and universities trust GradGuard to educate and protect nearly a million students and families. Visit to use their college insurance search tool to find insurance programs that are right for your college student or recommended by your college or university.

natalie tarangioli
Graduate Guard
[email protected]

Tuition insurance plans have terms, conditions, maximum benefit limits, and exclusions that apply. Plans are only available to US residents and may not be available in all jurisdictions. Plan terms, coverage and limits vary by plan purchased and by state. GradGuard is a service of Next Generation Insurance Group, LLC, the authorized agent for all tuition insurance plans. Plans include insurance benefits and support services. Insurance benefits are underwritten by Jefferson Insurance Company. Non-insurance benefits/services are provided and serviced by Allianz Global Assistance. Claims are managed by Allianz Global Assistance. Allianz Global Assistance and Allianz Tuition Insurance are trademarks of AGA Service Company d/b/a Allianz Global Assistance or its affiliates. AGA Service Company and Next Generation Insurance Group, LLC are affiliates of Jefferson Insurance Company. The insured will not receive any special benefits or advantages due to the affiliation of AGA Service Company or Next Generation Insurance Group, LLC with Jefferson Insurance Company. Except as expressly stated in the plan, the consumer is responsible for charges incurred from third party providers for assistance or concierge services. Contact Allianz Global Assistance at 888-427-5045 or 9950 Mayland Drive, Richmond, VA 23233 or [email protected].

SOURCE GradGuard

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