Investopedia

Continue to Site »

Tuition Insurance

Filed Under » , , , , , ,
Dictionary Says

Definition of 'Tuition Insurance'

A type of insurance that allows families to recoup some or all the tuition paid should their child leave school midway through the semester. Tuition insurance is usually offered for students in elementary and secondary schools. Some companies also offer tuition insurance to students in public and private colleges. To file a claim for reimbursement, parents and students have to prove that the reason for withdrawing from school meets certain conditions, which might include job loss, illness, etc. Different schools have different conditions that must be met before a reimbursement claim can be honored and is the duty of the students and parents to be aware of these conditions.
Investopedia Says

Investopedia explains 'Tuition Insurance'

Before obtaining tuition insurance, families must remember that certain schools will reimburse part or all of a student's tuition if they withdraw by a certain date. Therefore, it is imperative that families of students look at the conditions required for filing a reimbursememnt claim and weigh the likelihood of meeting those conditions. For example, if a student has a history of poor health, tuition insurance might be something to consider, because the student might have to drop out of school due to serious illness. However, if this is not the case, the family might need to explore other college saving options besides tuition insurance.

Articles Of Interest

  1.

    Tuition Insurance Takes Sting Out Of Withdrawal

    Dropping out of school can mean forfeiting all your tuition. Find out what protection is available.

  2. Investing In Your Child's Education

    Overwhelmed by increasing tuition costs for your kids? The U.S. government can help.

  3. Don't Forget The Kids: Save For Their Education And Retirement

    Retirement and education financing are the two most important planning items for taxpayers.

  4. Choosing The Right 529 Education Savings Plan

    Before you fund one of these education-savings vehicles, be sure you know their differences.

  5. Last-Minute Strategies To Help Pay For College

    Find out what to do when your kid is ready for higher education, but you aren't.

  6. Financial Designations That Employers Require

    We break down the designations that are important to have if you want to work in the financial sector.

  7. Making It Big On Wall Street

    Read about some of the most glamorous Wall Street jobs and what it takes to land one.

  8. Should You Get A CFA, MBA Or Both?

    These certifications require time and money, but combined programs are making obtaining both designations more realistic.

  9. Quants: The Rocket Scientists Of Wall Street

    Blend math, finance and computer skills to command a high - and well deserved - salary.

  10. Pass Your CFA Exams On The First Try

    Become one of the elite who pass these exams by using these simple study methods.
comments powered by Disqus
Marketplace
Hot Definitions

  1. Fool In The Shower

    The notion that changes or policies designed to alter the course of the economy should be done slowly, rather than all at once.

  2. Pattern Day Trader

    An SEC designation for traders who trade the same security four or more times per day (buys and sells) over a five-day period, and for whom same-day trades make up at least 6% of their activity for that period.

  3. Cost-Push Inflation

    A phenomenon in which the general price levels rise (inflation) due to increases in the cost of wages and raw materials.

  4. Happiness Economics

    The formal academic study of the relationship between individual satisfaction and economic issues, such as employment and wealth.

  5. Affluenza

    A social condition arising from the desire to be more wealthy, successful or to "keep up with the Joneses." Affluenza is symptomatic of a culture that holds up financial success as one of the highest achievements.

  6. Icarus Factor

    The term Icarus factor describes a situation where managers or executives initiate an overly ambitious project which then fails. Fueled by excitement for the project, the executives are unable to reign in their misguided enthusiasm before it is too late to avoid the failure.
Trading Center