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What is a tuition insurance?
Tuition insurance is an insurance protecting students attending cost-intensive educational institutions - schools, colleges or universities - from the financial loss that may result from the student's involuntary withdrawal from his or her studies.
What is college tuition insurance?
Tuition refund insurance, also referred to as tuition insurance, provides coverage in case a child is forced to withdraw from college for medical or other reasons. A handful of colleges and private secondary schools offer tuition refund insurancethrough a third party.
What is the tuition refund plan?
The Tuition Refund Plan is a unique form of insurance originated by Dewar to provide families the opportunity to protect their tuition investment in independent schools and colleges. The program refunds a portion of the unused annual tuitionand insured fees when students are withdrawn or dismissed for covered reasons.
What is a tuition refund check?
Refund Checks. If the total amount of payments on a student's Tuition Account exceeds the amount of charges, a credit balance occurs. A credit balance can be the result of one or more of the following transactions: Overpayment or duplicate payment on the account: The overpayment is refunded.
What is an education insurance?
The child education policy is a life insurance product specially designed as a savings tool to provide an amount of money when your child reaches the age for entry into college (18 years and above). The funds can be used to pay for your child's higher education expenses.
Why do you get a refund check from college?
A refund is the amount of excess financial aid remaining after total costs (tuition, fees, and books) are deducted from your financial aid award package for the semester. This results in a credit to your account, received in the form of a check.
What is a financial aid refund check?
After schools deduct tuition and other academic fees from available financial aid, the leftover cash is refunded to students as a check in the mail, or more conveniently deposited directly into a bank account. The money appears almost as if by magic, with no strings attached.