Is Tuition Insurance Worth the Money?
We insure our cars, our houses, and sometimes even our pets. So, why not insure tuition? For a few hundred dollars, parents can purchase insurance for their child’s tuition in the event they drop of out college for medical reasons. With parents gawking at the semester’s $25,000 tuition bill, it’s no wonder some are considering tuition insurance. It has other parents, however, wondering if those extra hundred dollars are worth it, considering that bank-breaking tuition money they are already struggling to come up with.
The largest tuition insurance provider, A.W.G. Dewar, a unit of OneBeacon Insurance Group Ltd., said that insuring a child’s education is a solid investment. Providing plans for more than 1,000 of the U.S.’s priciest, private schools and elite colleges, Dewar often sends out insurance brochures to families when it comes time for parents to pay for tuition. Read the rest of this entry »





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