<p>We received a brochure from a company that, for a premium, will refund tuition, room & board charges if a student drops out of the semester at any time due to illness (e.g. mononucleosis, hepatitis, other contagious diseases, etc.).</p>
<p>Anybody hear of this or have any experience with it? I know it's not a scam (certainly no more than any other insurance policy). For the numbers, we're talking about a LAC with full yearly cost of over $50,000 and a one-year premium of $429.</p>
<p>Come on, parents! Am I the only one who’s received this? And my daughter’s never been sick a day in her life!</p>
<p>Let’s just say that while I am aware of Tuition reimbursement plans, as the independent school kids attend also have that option. I know more than a few kids who had mono their freshman year and managed to muddle through without dropping out. I believe your payout will be prorated as well. Not saying it’s a bad deal as I haven’t researched it. But I don’t buy vacation insurance either. Don’t have any good reason why I dont, but if I had a kid that had any kind of health concerns (chronic or whatever) or if the kid had ever had adjustment issues that may lead to depression or whatever, I might look at it deeper.</p>
<p>No it’s not a scam, but it is something you want to look at V-E-R-Y carefully. My D’s school has dropped T.R.P option, and instead offers a free program that reimburses 100% for withdrawals within the first two weeks of classes, and 75% for withdrawal during the third week of classes. </p>
<p>The Dewar T.R.P. supplements any university reimbursements, to a total of 100% for “medical/physical withdrawals” and 60% for “medical/psychological withdrawals.” </p>
<p>[Dewar</a> CRP Details](<a href=“Tuition Protection | Dewar Tuition Refund Plan”>Tuition Protection | Dewar Tuition Refund Plan)</p>
<p>We have read & considered it. It was offered by the private HS where my kids attended. We did NOT pay for it in HS or at the U. Both of my kids have chronic health conditions but have always been able to handle their full courseload anyway and never had to have a complete withdrawal from school (which is the only time you ever can have a claim under the policy for medical reasons).</p>
<p>I agree that you shoudl read the policy VERY carefully and be sure of what it does and DOES NOT cover so there are no surprises. I have not known anyone who has made a claim under the policy in either the HS or college where my kids attend & it is offered. The premiums are relatively modest, but know what you are buying. By not buying it all these years, we have saved the money we would have had to fork over for premiums, since the kids have been able to finish their school each year.</p>