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. 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.
-
Psychological/Emotional
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the term and have completely withdrawn from all classes for a
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 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
Psychological/Emotional withdrawals will be classified in accordance
with the American Psychiatric Association's Diagnostic and
Statistical Manual DSM-IV.
Is
Financial aid covered by this Plan?
Yes. The Plan provides
an important benefit that covers not only payments made directly by
the student, but also loans, grants or scholarships received. USC
grants and scholarships are credited back to the university.
How
much does it cost?
Application for coverage is available at time of class
registration.
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
you are a late entrant, 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.
What
is excluded?
Note that the Plan does not cover the following:
·
war or any act of war, declared or undeclared ·
the use of any drug, narcotic or agent which is similarly classed or
has similar effects, unless it is prescribed by a Doctor ·
taking part in a riot ·
failure to attend classes for any reason other than injury or
sickness ·
withdrawal, if the student receives full or partial credit for an
incomplete term, or due to completion of academic requirements, or
early graduation ·
suicide or intentionally 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 Office of Academic Records and Registration. 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. USC grants or scholarships will be credited back to the University. Benefits not required to settle your account with the college will be refunded to you through the college.
|
| The Tuition Refund Plan
is underwritten by one of the member companies of
the OneBeacon Insurance Group, Canton, Massachusetts,
for A.W.G. Dewar, Inc., dba A.W.G. Dewar Insurance Agency,
Four Batterymarch Park, Quincy, MA 02169. The name of
each student is listed on a contract, which is held by the college,
not as agent for the insurance company but on behalf of insured
students and their parents. This is intended as a convenient summary
of the plan. The
insurance contract, which is available for your inspection at the
college, governs all questions of coverage. The Tuition Refund Plan
is the Service Mark of A.W.G. Dewar Inc. |
