Tuition insurance is a type of insurance that provides financial coverage in case a student is unable to complete their academic semester or program due to unforeseen circumstances.
Tuition insurance works by providing financial reimbursement to students and their families if they are unable to complete their academic semester or year due to a covered reason.
Tuition insurance covers tuition expenses, room and board fees, and other related costs, if a student has to withdraw from school before the completion of the semester or academic year.
Eligibility can varies depending on insurance provider, generally, it is available to students enrolled in colleges, universities, or other institutions who are paying tuition fees.
Cost of tuition insurance can vary depending on the coverage amount & the specific insurance provider. On average, it can range from a few hundred to a few thousand dollars per year.