STUDENT LOAN REPAYMENT BENEFIT

In addition to its standard benefits, Tuition Secure also includes the Student Loan Repayment Benefit (SLRB). This is a unique benefit in the tuition insurance market. 

• The SLRB is included as part of the package of benefits included in Tuition Secure

• The SLRB pays 100% of the eligible loan(s) amount up to $10,000 to cover the repayment of student loans made by commercial lending institutions (i.e., private loans not eligible for discharge) to the student if the student:

1.  Has suffered a covered injury or illness and has received a Medically Necessary Withdrawal Benefit which also includes withdrawals due to Mental and Nervous and Alcohol and Substance Abuse conditions 
2. Has been determined by a doctor to be Permanently Totally Disabled within 180 days from the Medical Withdrawal date for the same condition causing such Medical Withdrawal
3. Passes away

• The $10,000 SLRB Maximum is separate and distinct from Tuition Secure’s Medical Withdrawal benefit maximums.

• Federal loans

• Loans that can ultimately be forgiven

• Loans applicable to the current Program term or coverage period for which a Medical Withdrawal benefit has been paid or is payable

Tuition Secure includes a package of traditional tuition insurance benefits along with some unique, unconventional benefits designed to provide colleges and universities with a protection plan that gives their students peace of mind to protect multiple components of their education investment. The SLRB covers one of such components.