Given the substantial financial commitment that students and their families make to pay for an NYIT education, it is increasingly important to protect your investment. Of particular concern are students who, due to illness or accident, may require to withdraw from classes and leave school during a semester. New York Institute of Technology's Tuition Refund Plan offered by A.W.G. Dewar, Inc. is an elective insurance plan that provides coverage for tuition as well as NYIT housing (room and board costs if applicable) if a medical or mental health withdrawal occurs.
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% or 60% 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 enrolled in the insurance when they register for classes for the Fall and Spring 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 the day prior to the start of the Fall or Spring term. For more information, call 516.686.7510.