University education insurance policy
I actually learned about this today.
How about an education insurance policy?The following is a related news article.
It covers costs in event student leaves school
MARSHALL LOEB
MarketWatch
Most people realize that education is an investment. Despite the astronomical tuition charges at private high schools and universities, parents and students know that the money they are spending should and will lead to more job opportunities and room for growth after degrees are received.
And yet what most people don't recognize is that the costs of education can be insured.
Tuition and room and board at private institutions of higher learning have soared to an average of more than $20,000 a year. Prominent schools at the college-prep and elementary levels aren't much cheaper.
Source - Charlotte.com (Click the link to read the rest of the story)
Insurance for college drop outsI looked for actual education insurance policies, but I could not find any. I will look for insurance policies again later, and if I find any, I will post the link(s).
The high cost of putting young people through university is prompting some parents to take out insurance against students dropping out.
Many students are leaving university with debts in excess of £10,000 - and if students leave university without graduating, this money will be lost.
As such insurance companies are offering policies which protect parents against the financial losses of students failing to complete courses.
Source - BBC (Click the link to read the rest of the story)
