Franklin & Marshall College

 

     

 

 
June 2014

To Our Students and Parents:
With the current level of education costs, we have had a concern for the student who suffers a serious illness or accident and has to leave Franklin & Marshall College before the semester is completed. In many instances, it means not only the loss of time invested in studies, but also the loss of the semester's costs.

We are pleased to advise you of an insurance program, the Tuition Refund Plan (T.R.P.), which will minimize the financial portion of the loss. This elective insurance plan provides coverage for tuition, room and board charges.

This Plan significantly extends and enhances the College's published refund policy. You are assured of an 85% refund throughout the term even after the College's own refund policy has expired. This is especially beneficial when you are forced to withdraw and then return for a later term. In effect, you will not have to pay to repeat lost education. The chart below illustrates how the Tuition Refund Plan complements Franklin & Marshall's current refund policy if withdrawal is due to illness (including mental health) or injury.

If the Withdrawal Occurs During:The College Refunds:The T.R.P. Refunds:Student Receives:
First Week87%0%87%
Second Week75%10%85%
Third Week62%23%85%
Fourth Week50%35%85%
Fifth Week37%48%85%
Sixth Week25%60%85%
Seventh & Eighth Weeks12%73%85%
After Eighth Week0%85%85%

Franklin & Marshall College, of course, has no financial interest in the Tuition Refund Plan. We are pleased to present it for your consideration, since it has proven to be an effective means of protecting parents' investment in their children's education.

If you are interested in participating for the academic year 2014-2015 online, please submit the application and premium before September 3, 2014, the opening day of classes. Applications cannot be accepted on or after the opening day.

Sincerely,

Office of Student Accounts

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