For Schools


The TuitionNet program is a service of TABS Insurance, Inc., a wholly owned subsidiary of The Association of Boarding Schools (TABS), a 501(c)(3). U.S. schools that are members or subscribers of TABS are eligible to participate. Families may access the program only through a participating school.


About 98% of TABS member schools provide some kind of tuition refund plan. Approximately 95% of member schools providing tuition refund plans participate in a program provided by a commercial carrier. A single commercial carrier dominates the market. The remaining schools generally self-insure. The new TuitionNet℠ program represents an opportunity to collaborate for the common good—on behalf of schools and of the families you serve—and to begin to redirect some of the revenues flowing through the current tuition refund insurance system back into the boarding school community.


TABS Insurance, Inc. is a corporation (any insurance carrier, under law, must be organized as a corporation) established as a “captive insurer.” 100% of the shares of the corporation are owned by The Association of Boarding Schools (a 501-c-3). Participating member and subscriber schools are the policy holders. TABS has commissioned USA Risk Group, the world’s largest independent captive management group, headquartered in Vermont, to manage the day-to-day operations of the company through its branch office in Greenville, SC. USA Risk has a stellar reputation for providing start-up and operational services to a wide array of businesses, associations, and non-profits seeking captive insurance solutions.

The TuitionNet℠ program will offer a number of advantages and benefits, among them:

a. Transparency.
b. Rate Precision and Fairness.
c. Insights and Best Practices.
d. More Value from Association Membership.
e. Potential Participation in the Program’s Financial Success.
f. Group Purchasing Power and Low Overhead.

USA Risk will host a protected portal, through which schools will be able to file and follow claims, and track refunds to schools for the settlement of affected student accounts. Enrollment data for new premium quotes or premium renewal will be collected each fall, consistent with information requested by current providers. At the start of school, schools upload a list of covered student accounts with relevant information for each account. This in large measure mirrors the current practice of commercial carriers.

A school joining the TuitionNet℠ program has a choice of refund rates for “unused tuition” (based on the percentage of days remaining in the school year) according to the type of attrition: Voluntary Withdrawal (choice of 60% or 70%), Dismissal (choice of 60% or 70%), and Medical Withdrawal (choice of 60%, 70%, or 100%). In future years, there may be additional options for customizing the refund rates.


TABS serves college-preparatory boarding schools in the United States, Canada, and around the globe. The Association leads a domestic and international effort to promote awareness and understanding of boarding schools and to expand the applicant pool for member institutions. TABS is the comprehensive, indispensable resource for educators seeking training, research, guidance, and support on all issues pertaining to the residential school experience. TABS is the voice for independent boarding schools, their historical contribution to our world, and the current and compelling benefits of living and learning in an academic community. Learn more about the association at


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