Student Insurance and Banking
Student Insurance
Tuition Refund Insurance for Undergraduate Students
We offer an insurance plan that guarantees a tuition and room/board refund in cases of physical and/or mental illness (85% reimbursement) any time during the semester. This plan covers the academic year and is independent of the University.
The premium for this insurance plan varies from year to year but is generally approximately 1% of tuition (commuters) or 1% of tuition and room/board (resident students) and is billed and payable each semester.
All students are automatically enrolled, and the charge is listed on the fall and spring tuition statements. Students can waive this insurance by completing an online form. Waivers must be completed prior to the start of the semester. Waivers completed after that date will not be accepted and the student will be responsible for the charge in full. Policies purchased in the fall will be automatically renewed for the spring, and the charge will be reflected on the spring tuition statement. Canceling a renewed plan must also be done prior to the start of the spring semester.
Contact:
A.W.G. Dewar, Inc.
4 Batterymarch Park
Quincy, MA 02169
(617) 774-1555
trp@dewarinsurance.com
Website
Tuition Refund Insurance for Graduate Students
We offer an insurance plan that guarantees a tuition refund in cases of physical and/or mental illness (85% reimbursement) any time during the semester. This plan is purchased per semester and is independent of the University.
The premium for this insurance plan varies from year to year but is generally less than 1% of tuition. You must enroll in the plan before the published start of each semester. Students with late start courses must enroll prior to the start of the semester, not prior to the start of each course. Canceling a plan must also be done prior to the start of each semester.
Policies can be purchased through the Business Office, and can be requested in writing or by email. Premiums will be charged to the student tuition account and can be paid by mail or online through the portal.
Contact:
A.W.G. Dewar, Inc.
4 Batterymarch Park
Quincy, MA 02169
(617) 774-1555
trp@dewarinsurance.com
Website
Student Medical Insurance
It’s important that students have access to comprehensive medical care while enrolled at Salve. Therefore, all full-time undergraduate students are automatically enrolled in the University's student accident and sickness insurance plan for coverage effective Aug. 15 to Aug. 15. Each student's account will be charged the annual insurance premium.
The student accident and sickness insurance plan is serviced by University Health Plans and underwritten by the Security Mutual Life Insurance Company. Claims are paid by Consolidated Health Plans.
If you are considering waiving the insurance plan, please note that some insurance plans are restrictive and may leave students essentially uninsured while away at school. This could result in you incurring substantial out-of-pocket costs for medical care. In evaluating your plan, you should verify the following:
- My plan provides adequate coverage that is accessible in the Newport area for: Lab tests and x-rays, prescription drugs, hospitalization (including room and board, physicians' fees and surgical expenses), outpatient hospital services, mental health care, emergency room care and intercollegiate sports injuries (for those participating).
- My plan provides coverage to students over the age of 19.
- My plan will cover me through Aug. 15.
- My plan does not have a high deductible that needs to be met before I am allowed to access coverage.
Waiver process: Participation in the accident and sickness insurance plan is mandatory unless you are enrolled in another comparable health insurance plan. If you choose to waive, you will need to provide proof of comparable coverage by visiting universityhealthplans.com and submitting the online waiver form by Aug. 1. The insurance premium will remain on your account if a waiver is not received by this date.
Visit universityhealthplans.com to learn more about the student accident and sickness insurance plan, to download a brochure or FAQ, to locate preferred providers or pharmacies or to waive coverage.
Personal Property Damage or Theft
The University does not assume responsibility for damage or loss of any personal property during the school year or vacation periods and does not allow storage in any residence facility other than in a student room. Any theft or damage should be covered by the parents' homeowner's or renter's insurance policy. Please check to see if you have suitable coverage in the event of a loss. If there is not suitable coverage, please know that the University offers supplemental personal property insurance through National Student Services Inc.
The student personal property insurance plan offers varying amounts of coverage and deductibles for an annual premium. Please know that the University will not tolerate the theft of personal or University property at any time.
Student Banking
We have partnered with Santander Bank to provide an on-campus banking solution. As part of this agreement, an ATM is located in the Miley Hall garden level.
The following features are offered to all participants:
- Free checking and/or savings account with no minimum balance or monthly maintenance fee
- Free online banking with unlimited bill pay
- Free enhanced debit card with rewards program
- Cell phone app for mobile banking
- Overdraft protection
- An opening deposit for savings and checking of $10 per account
- Free first order of checks
- On-campus ATM with no service fee for account holders
Santander Bank has two branches within three miles of campus, with the closest branch at 292 Thames St. in Newport. In addition, Santander has ATMs in all local CVS stores.
New students can establish a bank account during Summer Business Day by completing an application and providing two forms of identification. Students may also enroll at the Newport branch or their hometown branch.
Student employment payments can be direct deposited to the Santander account, giving students instant access to their funds on payday. Enrollment in the direct deposit program can be completed in the Payroll Office, located in Ochre Court.
Salve Card
The Salve Card is utilized on campus for purchases in the Miley dining hall, McKillop Library Cafe, Jazzman's Cafe, Sandella's Cafe, Miley Mart/Starbucks, the Nest and the bookstore. If the card is lost, it can be disabled almost immediately. All lost cards should be reported to the card office, located in the McKillop Library garden level.
Deposits to the Salve Card can be made online with Mastercard or Visa, in person at the Business Office with cash or check, or by mail with a check. Salve Cards may not be used as a cash card. Money deposited will remain until the student leaves Salve. Any money left on the card when a student leaves the University will be returned to the student tuition account if the balance is over $5.