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
your medical condition is certified by a licensed physician and you have
completely withdrawn from all classes for any
condition whose diagnosis is found in the DSM-V 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 withdrawals 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-V.
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 University, banks and government agencies, up to the coverage amount.
How much does it cost?
All students will be automatically enrolled at the time of initial billing for the number of credits they are enrolled in as of the last day to add classes. Students who waived the coverage and would like to reapply can contact the Student Accounts Office at 215-951-5988 to request that their waiver be removed before the first day of classes for the semester they wish to insure. The rate for the 2015-2016 academic year is 0.4% plus a .025% administrative fee. Please refer to the applicable Annual Expense Brochure at philau.edu/studentaccounts for pricing information.
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. Your
premium covers a full year, but if for any reason you
do not return for subsequent terms, please notify us during the current policy year and any unused
premium will be refunded to you. If you start classes after opening
date, you can still enroll in the Plan if your application is
received before your first class day.
No applications can be accepted if received after you
start classes. Coverage ceases on the last day of
formal academic instruction by the University due to any reason. Room, meals
or other charges that are not paid to the University cannot be insured.
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
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.
are claims filed?
Claim forms with full instructions are available at the University. 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.
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
|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.