Tuition Refund Insurance

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Tuition Refund Insurance helps you and your family protect your investment in education by covering up to 100% of tuition and fees lost due to a medical withdrawal or a withdrawal due to a mental health condition. Protect your hard-earned tuition dollars from the unexpected with Tuition Refund Insurance.

Covered Events

The combination of stress, lack of sleep, and poor eating habits can leave college students susceptible to many viruses and illnesses. Tuition Refund Insurance can help your family with coverage for withdrawal due to a covered medical reason.

Up to 100% of covered tuition and fees due to:

  • Medically necessary withdrawal
  • Mental/nervous condition withdrawal2
  • Death of the tuition payer
  • Death of the student
Covered Events

Your investment in higher education can be better protected with Tuition Refund Insurance if you are injured, develop an unexpected illness, or suffer from a mental health condition. With Tuition Refund Insurance, you can protect the money you’ve spent on:

  • Tuition
  • Academic fees
  • Other eligible education expenses
How Much Does Tuition Refund Insurance Cost?

There is no “right” amount of tuition insurance. It varies person to person, family to family. Be sure to assess your out-of-pocket risk before choosing your coverage levels. Consider all of the costs associated with attending college that you and your family would lose if you had to withdraw for medical reasons. This includes fees, room, board, tuition, and books. Available coverage levels vary by school.

How Do I Purchase Tuition Refund Insurance?

Tuition Refund Insurance can be purchased through your school. To see if your school offers Tuition Refund Insurance, click below to learn more.

Learn More

By clicking “Learn More” you will be directed to a website that is operated by Sallie Mae Insurance Services, an affiliate of Sallie Mae, and is governed by the Sallie Mae Insurance Services Privacy Policy. For a link to the privacy policy and additional information, please see below.*

*By clicking "Learn More” you will be directed to a website that is operated by Sallie Mae Insurance Services, an affiliate of Sallie Mae, and is governed by the Sallie Mae Insurance Services Privacy Policy. You will be identifying yourself to Sallie Mae Insurance Services as a Sallie Mae Customer and/or visitor to who is eligible for this offer.

1 Consult your school's refund policy for specific details pertaining to your school.

2 There may be a 2 day hospital inpatient requirement to be eligible for mental health coverage. Coverage availability varies by state.

Sallie Mae Insurance Services is a service of Next Generation Insurance Group LLC, a licensed insurance producer. For insurance licensing information, click here.

Sallie Mae, Inc. is not a licensed insurance producer or insurance carrier. Insurance programs offered through Next Generation Insurance Group are underwritten by authorized insurance carriers. All insurance is subject to the terms and conditions of the actual policy purchased and will contain reductions, limitations, exclusions and termination provisions. Coverage may not be available in all states.

Tuition Insurance is tuition refund insurance is underwritten by Markel Insurance Company, Deerfield, IL; Administrative Office, Glen Allen, VA.


The Sallie Mae logo, Sallie Mae and Sallie Mae Insurance Services are registered service marks of Sallie Mae, Inc.

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