tuition refund insurance?

1966Parent
Mon, 20 May 2013 00:06:20 +0000

Is anyone else having a hard time getting a real answer from colleges regarding their refund policy in the case of a medical withdrawal of my student. We are still evaluating 3 colleges and have attempted to find a clear answer to that question. I am in shock that I can spend $40,000 and not have a clear answer regarding if a school refunds 100% of my investment in the case of an unexpected medical event.

By the way - USC is clear after 15 days - no refunds, but they offer tuition insurance for the $40,000 for only $140, Arizona State - no clear policy and something about appeals with no opportunity to even buy tuition insurance & Loyola which doesn’t have a clear policy but does offer tuition insurance - though it is twice as expensive as USCs.

I can think of no other sizable investment I have made that has so little clarity regarding the risk?

Seriously ? Someone should make schools have a standard process regarding the terms, conditions and refund policies. Most appear to have unclear and inconsistent approaches. I guess it is easy for the school administrators - as it isn’t their money at risk.