Maryland Institute College of Art

 

     

 

 
The Tuition Refund Plan...
was originated in 1930 to protect the financial investment of students and parents in education. Today, over 1200 leading independent schools and colleges throughout North America offer the Plan. Because the cost of education today is a substantial investment, one which is likely to be your second largest next to a home purchase, the protection afforded by the Tuition Refund Plan is essential.

While most colleges provide partial refunds for withdrawals, they are limited and usually effective only when you withdraw early in the term. Subject to the program terms and conditions, this Plan offers the unique benefit of a 100% refund of term tuition and fees when you are forced to withdraw for medical reasons. The Tuition Refund Plan dramatically enhances the college refund schedule and provides more generous refunds throughout the entire term.

What Is Covered?
  • Injury and Sickness Withdrawals
    100% of the insured term tuition and fees, less any refund or credit due you from the college, will be refunded provided your physical condition is certified by a licensed physician and forces you to completely withdraw from all classes for the balance of the term.
  • Mental Health Withdrawals
    60% of the insured term tuition and fees, less any refund or credit due you from the college, will be refunded provided you are confined in a hospital for two consecutive days during the term and have completely withdrawn from all classes for any condition whose diagnosis is found in the DSM-IV Manual.
In both cases above, a "complete withdrawal" from the college is required. This means you have given written notice that because of your injury or sickness you will not be able to complete the term and you will not receive any academic credit. A written statement from your doctor certifying the injury or sickness and college verification will be required. All Mental Health withdrawals will be classified in accordance with the American Psychiatric Association's Diagnostic and Statistical Manual DSM-IV.

Are Student Loans covered by this Plan?
Yes, the Plan provides an important benefit that covers not only payments made directly by the family, but also loans for the semester with the college, banks and government agencies, up to the coverage amount.

How much does it cost?
Complete details are shown on the Application.

What are the conditions of coverage?
Your protection covers a full term from opening to closing date. Your application must be received before the opening date. This coverage refunds on a term basis only. If your premium covers a full year, and if for any reason you do not return for subsequent terms, please notify us and any unused premium will be refunded to you. No applications can be accepted if received after you start classes. Coverage ceases on the last day of formal academic instruction by the College or University due to any reason. Room, meals or other charges that are not paid to the College or University cannot be insured.
What Is Excluded?
Note that the Plan does not cover the following: war or any act of war, declared or undeclared • terrorism • the use of any drug, narcotic or agent which is similarly classed or has similar effects, (excepting when it is prescribed by a doctor) • taking part in a riot • failure to attend classes for any reason other than injury or sickness • withdrawal when the student receives credit for an incomplete term • suicide or intentional self-inflicted injury or sickness • nuclear reaction, nuclear radiation or radioactive contamination.
How are claims filed?
Claim forms with full instructions are available at the College or by contacting A.W.G. Dewar, Inc. Claims should be reported within 30 days from occurrence or as soon as is reasonably possible. You should arrange for the completion of the claim form. Benefit payment is made to the college to be credited to the student's account. Benefits not required to settle your account with the college will be refunded to you through the college.
Questions?
Please contact A.W.G. Dewar Inc., Quincy, Massachusetts, now in its ninth decade of service to the educational community.

Phone: (617) 774-1555
Fax: (617) 774-1715
Email: trp@dewarinsurance.com.

The Tuition Refund Plan is underwritten by Atlantic Specialty Insurance Company, New York, NY, a
member company of the OneBeacon Insurance Group, for A.W.G. Dewar, Inc., dba A.W.G. Dewar Insurance Agency, Four Batterymarch Park, Quincy, MA 02169-7468. The name of each student is
listed on a policy which is held by the college business office, not as agent for the insurance company,
but on behalf of insured students and their parents. The information provided above is an outline of coverage for the ensuing academic year. Actual coverages are governed by the insurance policy on
file in the college’s business office. Coverage may change each academic year. A.W.G. Dewar, Inc.
is the originator of the trademarked Tuition Refund Plan.