For many college families, the expense of a higher education is one of the largest investments they will make. In fact, according to the College Board’s 2016 Trends in College Pricing – the average published in‐state tuition and fee and room and board charges for 2016-17 are $20,090 and for out of state students, total charges are $35,370. The average published total charges at private nonprofit four-year institutions are $45,370.
5. Student health and well-being can force a student to withdraw from classes. The American College Health Association National College Health Assessment reports that student health incidents such as illnesses, accidents, and injuries happen frequently, even to young and healthy college students. It is important to note that ordinary student health problems such as a mononucleosis, chronic health conditions or injuries also may force a student to withdraw from classes and cost a student and their family thousands of dollars.
The Investment in College & Your Student Deserve Protection:
Starting at $29.95 for $2,500 of coverage per term, tuition insurance is an affordable way to protect your investment. A good starting point is, GradGuard’s school search tool to see what tuition insurance program may be available to your student.
Remember, tuition insurance must be purchased prior to the start of school and, like all insurance plans, be sure to check the specific terms, conditions, and exclusions of your policy. For instance, certain illnesses, such as mental health conditions require evidence of the severity of the illness as measured by being admitted to a hospital and having a doctor recommend the student withdraw from college.