Feb
24
Tuition insurance becomes more interesting in recessionary times
February 24, 2010 | Leave a Comment
College tuition is one of the biggest expenses many families will face. In addition to uncertainty over whether the school will work out for the student, families now have to worry whether economic uncertainty will upset their financing plans.
Tuition insurance is one way to cope with that uncertainty. A college tuition insurance plan can reimburse a family for 75 percent of a tuition payment if a family member is laid off, or if the student faces academic dismissal during a term.
The policies have been offered for many years but not all schools are covered. USA Today has published an indepth report here. It reveals that only 180 private colleges offer insurance through the leading company, A.W.G. Dewar. However, a new company has entered the business and it is able to provide coverage for a large number of colleges where families could not get insurance until now.