Tuition Refund Insurance Plan for Medical and Mental Health Withdrawals
Tuition is computed on the assumption that a student will remain throughout the academic year. Since a place in class has been reserved, tuition will only be refunded in accordance with the Withdrawal/Dismissal Refund Policy.
A student who suffers a serious illness or accident and needs to withdraw from NYIT prior to the completion of the term may encounter certain problems. In many instances, withdrawal from classes not only means the loss of time invested in studies, but also significant financial loss.
NYIT’s Tuition Refund Plan,** offered by A.W.G. Dewar, Inc., is an elective insurance plan that provides coverage for tuition and mandatory fees as well as NYIT housing (room and board) costs if a medical or mental health withdrawal occurs. This plan will help to minimize a student’s financial portion of this loss.
While NYIT provides partial refunds for withdrawals, these refunds are limited and effective only when the student withdraws early in a term. The Tuition Refund Plan significantly extends and enhances NYIT’s published withdrawal policy. If a student withdraws because of injury/sickness or mental health reasons, the Tuition Refund Plan returns 100 percent or 75 percent of the insured term tuition/fees and NYIT housing costs and meal plans where applicable less any refund or credit due you from the college, when plan conditions are followed (this coverage does not apply if the student drops classes without completely withdrawing).
Students are automatically enrolled in the insurance when they register for classes for fall, spring, and summer terms. Students who are enrolled by NYIT and who wish to opt out of this plan must email the Office of the Bursar at firstname.lastname@example.org from their NYIT-issued email account no later than midnight on the day prior to the start of the fall, spring, or summer term. For more information, call 516.686.7510.
** The Tuition Refund Plan is a voluntary form of insurance, and includes an administrative fee retained by NYIT. Insurance is only available for the New York and Vancouver campuses.
The cost of the plan can cover tuition only or tuition, college fee, room (NYIT housing only), and meal plan for the fall, spring, or summer terms. Students may purchase a tuition-only plan even if they live in NYIT housing. Pricing is set forth below:
Old Westbury and Manhattan Full-Time Undergraduate students (12 or more credits):
- $151.92 On-campus full-time students, includes tuition, college fee, room, and board for the fall 2018 term.
- $95.69 Off-campus full-time students, includes tuition and college fee only for the fall 2018 term.
Old Westbury and Manhattan Part-Time Undergraduate students (less than 12 credits, non-dorm):
- $44.10 Part-time students, includes tuition and college fee only for the fall 2018 term.
Old Westbury and Manhattan Graduate students:
- $60.51 Full-time graduate students, tuition only, nine credits or more for the fall 2018 term.
- $42.01 Part-time graduate students, tuition only, less than nine credits for the fall 2018 term.
Vocational Independence Program:
- $163.93 VIP students, includes tuition, fees, room, and board for the fall 2018 term.
Students who elect not to enroll in this plan will be charged in accordance with the NYIT Withdrawal/Dismissal Refund Policy.