Tuition insurance is designed to protect students’ and their parents’ investment in higher education. This protection is needed because most school’s refund schedules provide no refunds after the first few weeks of an academic term. Many students assume refunds are available throughout the academic term if a medical withdrawal becomes necessary, which is not usually the case.
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If the COVID-19 pandemic has taught us anything, it is the importance of being prepared for the unexpected. With campuses closing to prevent the spread of the virus and family emergencies calling for students to travel home, it is more important than ever to protect the investments you make in your education.
But even in a pre-pandemic world, having Tuition Insurance was beneficial and the need to be covered continues to rise in our current world.
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The Center of Disease Control (CDC) performed a study that analyzed 25 college sports over five years. The results showed that college athletes suffered over a million injuries during this period. That’s nearly 600 injuries per day and billions of dollars in insurance claims.
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