Should You Consider Tuition Insurance

Should You Consider Tuition Insurance Image via isorepublic.com Who Should Consider Tuition Insurance? There are certain people who should seriously consider tuition insurance. For example: •Students with health issues. If you have a chronic health condition that might cause you to withdraw from school, consider getting tuition insurance. You can be reimbursed if you have to take some time off due to your health. •Students who go to expensive schools. If you go to an expensive school (or if your parents have to pay a lot of money from their own pockets), you should look into it. Although you may not have to withdraw, it’s better to have your money insured and be prepared for anything. •Students with family issues.  If your family is going through a tough time and needs you for any reason, look into tuition insurance in case you have to leave classes due to, for instance, the death of a parent. Even if you don’t fit into any of the categories I mentioned above, tuition insurance is still worth looking into. Buying tuition insurance will give you peace of mind. You know you can be reimbursed if you have to withdraw for any covered reason. You never know what could happen, and it’s definitely better to be safe and buy it than sorry. It’s better to have insurance and not need it than to need insurance and not have it! Full or Partial Coverage? How Much Does It Cost? Before you purchase any type of insurance, do your research to make sure you know exactly what you’re getting.  Most policies only pay for actual losses, which include tuition and academic fees. Similarly, take a good look at the cost. Costs may vary according to the level of coverage and the face value of tuition.  The most affordable plans start at $29.95. Where Can You Buy Tuition Insurance? These places are great starting points to research your options for tuition insurance. •GradGuard, the largest provider of tuition insurance to colleges and universities who operates a search engine that will show you the most affordable  tuition insurance options  available at your school. •A.W.G. Dewar, Inc.offers a commercial insurance policy that provides a refund to the school and student  for medical withdrawals only. •Allianz Global Assistance a leader in travel insurance programs also offers tuition insurance for full-time students attending non-profit colleges and universities. Remember, it’s always better to be safe than sorry. If you’re in a position that you might have to withdraw from school for any reason (whether personal, family, or financial), do your research on tuition insurance. Find out which option is best for you and buy at least some coverage! Don’t risk losing all the money you’re investing in your education. Making sure you’re covered will give you peace of mind and one less thing to worry about as you complete your studies.