PHOENIX, AZ (November 12, 2020) — Transact Campus Inc., a leader in integrated campus payments, and GradGuard, the nation’s leading provider of college tuition insurance, today announced a partnership to help students return to school by reimbursing the financial losses of tuition, fees, and housing costs if a student withdraws during the semester for a covered reason.
Students may be covered for a variety of serious illnesses or injuries, chronic illnesses, and mental health conditions outlined in the program. Institutions that implement the program reduce the cost of withdrawals and demonstrate to families that they can overcome an unexpected financial loss if their student is forced to withdraw. The GradGuard Tuition Insurance program allows institutions to proactively provide resources and tools to help families maintain confidence, which is critical within the current COVID crisis environment.
“We’re dedicated to building partnerships with innovators like GradGuard to help our clients serve and support their students and parents,” said Laura McLaughlin, vice president of payments strategy at Transact. “Now more than ever, the cost of student withdrawals is a growing concern for both schools and families. Tuition reimbursement insurance is one more way to help ease that worry and provide some peace of mind.”
Through this partnership, mutual clients of GradGuard and Transact will receive access to GradGuard’s Tuition Insurance options at no-cost. Covered expenses for policyholders include tuition, room and board, and other applicable fees.
“We are dedicated to helping schools protect their students and promote greater confidence in the families they serve,” said Derrick Shy, vice president of business development at GradGuard. “The integration with Transact’s ePayment solution will now enable all students at participating institutions to make an active choice to protect themselves with the most relevant form of tuition protection available, helping to provide a refund to insured students for the financial losses of tuition, academic fees, and housing.”
Through market-leading credential-driven transactions and privileges, and innovative payment solutions, Transact enables a connected experience across the spectrum of student life. We partner with institutions to deliver a mobile-centric, personalized student and family experience both on and off-campus. Our cloud platform and open APIs deliver mission-critical capabilities that support student success—facilitating meaningful student engagement and rich data for keen institutional insight. Transact is headquartered in Phoenix, Arizona and has served the education community for over 35 years. Visit www.transactcampus.com.
GradGuard is an authority in protecting the investment in higher education. By protecting students and their families from the financial risks of college life, GradGuard helps reduce the cost of college and promote greater student success. GradGuard's modern tuition and renters insurance programs are valuable student benefits available through a network of nearly 400 colleges and universities. Since 2009, GradGuard's insurance programs have protected more than 750,000 students and families. College life is full of risks and GradGuard is there to make sure life stays on track. For more insights, follow @GradGuard on social media.