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College tuition refunds are rare. In fact, many colleges require you to withdraw before classes start to get any type of refund.
The average cost of tuition at a 4-year public school is roughly $9,375. The total cost of attendance for the year (including room and board) was $21,337.
With annual college tuition costing as much as an entry-level sedan, it comes as no shock that students and parents (who may be footing the bill) want to insure their purchase against calamity.
While some colleges offer tuition refunds when you withdraw before classes start, the “sliding scales” of tuition reimbursement mean that students often can’t get meaningful reimbursements after school has been in session for a month.
In partnership with GradGuard, we’re explaining how college refunds work, and how tuition insurance can reduce the risk of an early withdrawal from school. GradGuard offers tuition insurance that can help you insure your college tuition investment against risks like leaving school.
Before you withdraw from school, here are the key things you should know about college refunds.
