Students entering college today have plenty on their minds already, such as debt and landing a job when they get out. Now, add one more fear to the list: worries about dropping out.
In the News
Read what national news outlets are saying about why Allianz Tuition Insurance is such an important, and necessary, way to protect the investment you’ve made to make the dream of higher education a reality.
College. It’s a parent and student’s dream to move away from home and continue his or her education. College. But what happens if a student unexpectedly needs to take time off from school? What if they get ill and don’t graduate?
Not surprisingly, paying for college is a source of real anxiety. It’s actually the leading cause of financial stress among parents, according to results of the financial advisor survey recently released by Allianz Tuition Insurance.
When you think about insurance, you often think about your car, home, and life insurance. You have probably heard that many movie stars insure various body parts, such as their legs, in case something happens to limit their earning potential.
Earning a college degree has become a necessary step toward building a secure financial future. After all, studies show that college graduates earn $1 million more over their lifetime than those without a degree and have a significantly lower unemployment rate. While such statistics further strengthen the importance of attaining a higher education, it can be difficult to save for tuition in the years leading up to college.
Adulting: it’s hard. I’m now 30 years old, and I’m still overwhelmed by the days I have to #adult with the best of them. Back when I started college, there were so many things about life and money I didn’t know. In fact, it’s hard to believe it’s been about 8 years since I finished college.
When Eric Del Sesto’s son got sick with a respiratory condition in the middle of his sophomore year at the University of the Pacific, his doctor recommended that he take a break from school. It was too late in the semester to get a refund from the California university but Del Sesto had purchased something called tuition insurance prior to the start of the semester. As a result, he wasn’t out the $21,207 he had paid in tuition. His insurance policy reimbursed him for that semester’s tuition.
Are you spending thousands of dollars to send your child to college? You could take out tuition insurance to get your money back if your child doesn’t finish the term. Carmen Lawton just spent thousands to send her son to an out-of-state college. So she bought tuition insurance that will reimburse her if, for some reason, he’s unable to complete the term.
Have you ever been fearful that an injury mid-semester would leave you unable to attend classes — thereby making you incur that semester’s costs for nothing? Well, Allianz Global Assistance is attempting to alleviate that concern with tuition insurance. This summer, the company has launched a program in which students can insure their college tuition in case of injury, illness, death and, in some cases, unforeseeable circumstances.
Allianz Global Assistance featured on Worldwide Business with Kathy Ireland to discuss how they provide financial assistance for college students.