<p>I just started taking a serious look at the enrollment materials. I noticed they all include info on a Tuition Refund Plan. I was surprised that in addition to withdrawal for medical reasons, the insurance covers disciplinary dismissals, change of financial situtation of the family, and academic difficulties. Further, it covers withdrawal due to "emotional difficulties" or a parent losing a job.</p>
<p>Wondering how many parents have purchased this insurance, and do you feel it is a worthwhile investment?</p>
<p>I’ve purchased the insurance each year, even when S was in elementary school. It isn’t very expensive and for me, the ability to manage these risks is definitely worth the cost.</p>
<p>I did purchase it as the coast seemed very low and it seems hard to know how your child will react to BS. The cost does vary from boarding school to boarding school. I’ve heard a range from 1-4% of tuition cost which, I guess, is based on the risk at each school and that school’s retention rate.</p>
<p>Many schools require you to purchase the insurance unless you can pay the entire tuition in August or some other date. If you select a payment plan, it is likely that you will need to purchase the insurance. Even if it is optional, my suggestion is that you buy it the first year. Assess it after that. Most plans do not cover the entire tuition, even if you withdraw in
sept., so look into that as well.</p>
<p>I’m pretty sure that at Choate, tuition insurance is automatically included in the bill. We never had to decide whether to purchase it or not, which means they probably require it.</p>
<p>SPS requires you purchase the tuition insurance unless you pay the full bill in July. There are so many things that can happen during the year that may require a child to come home. A bad concussion to lyme disease not to mention an array of other things makes tuition insurance a worth while investment.</p>
<p>SAS it is obligatory but less than half of what it was for our other child where it was optional, SG. We never purchased tuition insurance when it was optional. I will admit there were times when I worried but he promised he was going to do anything stupid and he didn’t but then again they’re teenagers. It was a record last year with 17 dismissals, 12 in one punch.</p>