Glossary
Tuition refund insurance
An optional policy many schools offer that returns part of the year's tuition if a student withdraws for medical reasons, and under some plans for other withdrawals or dismissal.
Why it matters
Because an enrollment contract usually commits a family to the full year, this insurance limits the loss if a student has to leave. It usually has to be bought before the school year starts.
Who decides
An insurer provides it through the school; the family decides whether to buy it.
Not sure what this means for your child?
A GESP consultant can explain the term in the context of your family's own plan.
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