Frequently Asked Questions
What is tuition insurance?
Tuition insurance helps protect the investment you are making in your child’s education. For a covered cause of loss, it will pay to the school the remaining portion of tuition and fees up to the co-insurance percentage listed on the policy.
Why do I need tuition insurance?
Your enrollment contract with the school financially obligates you to pay the full amount of tuition and fees for your child to attend regardless of withdrawal for any reason.
When will I be covered?
When a child is withdrawn from school due to medical reasons, academic or disciplinary discharge, the tuition payer’s loss of job or job transfer, or the death of the tuition payer, tuition insurance will pay the remaining balance of tuition and fees owed. Refer to your school’s policies for specific coverage and co-insurance percentages.
How much does the coverage cost?
The premium is different for each school. Contact your school to learn more about your specific premium.
Which school costs are covered by the tuition insurance?
Tuition, fees, and room/board are covered subject to the policy conditions. Please refer your school’s policy manual for specific details.
How do I purchase tuition insurance?
Coverage can be purchased through your school’s plan during your enrollment period.
How do I file a claim?
Filing a claim is easy. Just click here to file a claim online. Claim forms are also available in your school’s business office or by emailing us at claims@protectmytuition.com.
Why should our school consider tuition insurance?
There are three reasons to consider tuition insurance. The first is for protection to your bottom line. Secondly, it avoids the difficulty of collecting tuition from a family whose child has withdrawn for any reason. Lastly, it eliminates the need for withdrawal exceptions the school makes to certain families.
What are our choices in offering this plan?
You have three options for offering coverage to your school:
- Inclusive. The school purchases coverage for all enrolled students and covers the premium through a fee.
- Mandatory. All students on installment pay plans must purchase the coverage.
- Voluntary. The school offers the coverage for purchase during its open enrollment period for those families who are interested.
What kinds of perils are covered?
Withdrawal from school due to medical reasons, academic or disciplinary discharge, the tuition payer’s loss of job or job transfer, or the death of the tuition payer.
How do we communicate the plan to our parents?
It’s up to you! We can provide brochures to be put in enrollment contract packages. If your school offers online enrollment, we will provide a link on our website that parents can use to access your school’s customized web page showing details of your specific plan offerings.
How do I get a custom proposal for my school?
Just click Request a Quote to begin the process. You may also send an email to info@protectmytuition.com, and we will contact you directly.
How do I file a claim?
Filing a claim is easy. Just click here to file a claim online. Claim forms are also available in your school’s business office or by emailing us at info@protectmytuition.com.
Who will receive the claim check?
Claim checks are made payable to the school to be applied to the student’s unpaid balance.
AND, we can also offer a new Tuition Continuance Endorsement! If elected, this endorsement will allow the student to remain in school and payment of the remaining tuition balance will be made in the event that the primary tuition payer dies or loses his job.