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Tuition Refund Insurance

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 operated by Next Generation Insurance Group,LLC ("NGI"), and is governed by the Sallie Mae Insurance Services Privacy Policy, You will be identifying yourself to NGI as a Sallie Mae customer and/or visitor to who is eligible for this offer.

Have questions?

Call us at 877-527-2370877-527-2370

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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 registered service mark of Sallie Mae Bank or its subsidiaries, and is used under license by Next Generation Insurance Group LLC ("NGI"), a licensed insurance producer. For insurance licensing information, click here.

Sallie Mae Bank is not a licensed insurance producer or insurance carrier. Insurance programs offered through NGI 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, Waukesha, WI. Coverage is not available in all states. Coverages, limitations and exclusions may vary by state. Refer to the full policy and member certificate for complete coverage. If a withdrawal is due to a mental health issue, a hospitalization stay of at least 24 hours, within 30 days of the date of withdrawal, is required. In some states, this requirement may be modified to a 2-day hospitalization.


Sallie Mae, Sallie Mae Insurance Services and the Sallie Mae logo are service marks or registered service marks of Sallie Mae Bank or its subsidiaries.

Insurance products are not deposits or other obligations of, or guaranteed by, Sallie Mae Bank or its affiliates. Insurance Products are not insured by the FDIC or any other agency of the United States, Sallie Mae Bank or its affiliates.