Because a college education is one of the largest investments that most families will make, the College does strongly recommend that tuition insurance is thoroughly reviewed and considered each semester. It can be financially costly when a student is forced to withdraw before a semester is completed. To protect against this possible, Occidental offers an optional Tuition Protection Plan. This optional plan, administered by , protects your educational investment by reimbursing tuition, room and board charges should you need to withdraw from school due to a personal illness, accident, mental illness or nervous disorder. It will also reimburse for the death or involuntary job loss of a tax payer.
This plan extends and enhances the College’s published refund policy. You are assured a refund throughout the term even after Occidental’s refund policy has expired.
The default plan that is offered is $10,000 in coverage per semester, but amounts both higher and lower may be requested directly through GradGuard. The cost of the plan is 1.25% of the selected coverage amount. For example, the cost of the default plan is $125 per semester.
This plan is optional, but if you wish to participate in the plan, it is vital that you submit an application with payment directly to GradGuard before the first day of classes. For further information regarding the plan please contact GradGuard at 888-541-4843 or customerservice@gradguard.com.