Merrimack College has partnered with GradGuard, a service of Next Generation Insurance Group, to offer students Tuition Refund Insurance.
Each year, thousands of college students are unable to complete classes due to unforeseen medical issues. GradGuard helps students and their families overcome the financial losses that may result from medical events that force students to withdraw from classes.
Merrimack College wants to give every student the opportunity to enroll in the GradGuard Student Protection Plan, including Tuition Refund Insurance, and believes all families will benefit from this program. Depending on the timing of the withdrawal, there may be circumstances where you will not be eligible to receive a refund of all of your tuition and fees.
Course changes must be made during the semesters add/drop period to receive a refund. After the add/drop period, you are liable for the cost of courses from which you withdraw. Nonattendance does not constitute withdrawal. Tuition charges and room and board are refunded for the fall and spring semester based on the policy below; fees are nonrefundable:
• Prior to the end of the of the first week — full refund.
• Prior to the end of the second week — 75 percent refund.
• Prior to the end of the third week — 50 percent refund.
• After the third week — no refund.
*For the winter and summer policy, refer to the Professional Studies page.
GradGuard Tuition Refund Insurance can help refund your tuition, fees and room/board charges, up to the policy limits, if you are unable to complete the semester due to a covered medical reason, such as an illness, accident or mental-health issue. This insurance program complements and enhances our school’s published refund policy, and we believe families will benefit from this added protection.
For complete terms and conditions of each benefit, please visit the GradGuard website or call 1-866-985-7598.