GradGuard Launches New Website as College Risks Rise and Adoption of its Innovative Student Programs Soars

PRESS RELEASE FROM GRADGUARD
September 14, 2021
Press Contacts
Natalie Tarangioli
GradGuard
GradGuard header image
PHOENIX —

GradGuard, one of the largest providers of student insurance programs in the country, is thrilled to announce the launch of its new website, gradguard.com. The new website, which is ADA and PCI compliant, comes as nearly 20 million college students and their families make one of the largest investments in their lives. 

The expense of higher education is one of the largest investments many college families will ever make. In total, more than 20 million students and their families invest an estimated $500 billion annually in tuition, academic fees, student housing, and related expenses. The average cost of tuition, fees, and room and board for a four-year private college was $50,770 in the 2020-21 school year, according to the College Board, which tracks trends in college pricing and student aid. At four-year, in-state public colleges, costs averaged $22,180.

While more than 425 colleges and universities rely on GradGuard’s modern insurance programs to protect their students from preventable financial losses, GradGuard.com is the only service of its kind with a college search engine that enables any student attending a four-year non-profit college or university in the United States to quickly protect their investment in higher education with its market leading tuition and renters insurance programs.

GradGuard’s newly relaunched site boosts member experience with simplified access to benefits, account status and easy to file claims reporting. The improved user experience makes it easier than ever for students and families to find ways to protect themselves, as well as manage their policies online.

“We have helped protect nearly 1 million college students and their families since our founding in 2009,” said John Fees, Co-Founder and Managing Director of GradGuard. “Students and their families likely lose more than $1 billion per year from the financial losses caused from medical withdrawals and property losses. GradGuard’s search tool and unique insurance programs makes it easier for families to find protection that will keep their students on track towards completing their college education.” More schools embrace GradGuard’s mission than ever before and recognize the value of offering relevant student benefit programs to their students that help them secure a refund for tuition, housing and fees, or help them replace a stolen or damaged computer when a school cannot. For more than a decade, GradGuard has been an authority in protecting college families from preventable financial losses and works closely to embed its insurance programs within the student experience.    Among the risks:

  • More than half of nearly 9,000 students surveyed experienced anxiety or depression, American College Health Association
  • 1 in 4 students do not return for a second year of college, National Clearing House
  • Only 6% of schools surveyed in 2019 report providing full refunds to students who are forced to withdraw for medical reasons; No schools report providing refunds for academic fees or housing, HigherEd Study
  • Nearly 2,000 fires are reported annually in on-campus housing nationwide, Clery Act Campus Safety Reports
  • More than 27,000 crimes happen on college campuses each year, Clery Act Campus Safety Reports

“From theft to a serious illness or injury, college students can be vulnerable to real financial losses that can disrupt their education,” said Fees. “When you consider the risks and with so much money at stake, the new GradGuard.com makes it easier than ever for college students and their families to protect their student and their investment they are making in higher education.”

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About
GradGuard is a technology-enabled pioneer in developing innovative protections designed to reduce the financial risks of college life. GradGuard is trusted by more than 425 colleges and universities and has protected nearly 1 million students and their families since its founding in 2009. For more insights on #collegelife follow @GradGuard on social media.