Yes. Students who pay for all or part of their tuition using a student loan are still eligible for our insurance and for a refund of their tuition. If the student is still responsible for paying back the student loan after they withdraw, then GradGuard Tuition Insurance from Allianz Global Assistance may refund that amount minus any refunds given by the school. The same applies for any financial aid. However, tuition insurance only reimburses expenses paid out of pocket, not grants or scholarships paid directly to the school.