College Tuition Insurance Gains Attention in Pandemic

"With the new college year about to begin amid a resurgent pandemic, college tuition insurance is getting new attention. Tuition insurance is just what it sounds like: Students or their families buy a policy that will reimburse them for all or part of their tuition and other costs of attending college if the student must withdraw from school for a documented medical or mental health reason," The New York Times reports.

... "Despite formal cutoff dates for refunds, institutions would probably work with a student in a medical or mental health crisis to arrange a partial or full refund, or offer a deferral so the student can withdraw but return to classes the next semester, said Justin Draeger, president and chief executive of National Association of Student Financial Aid Administrators."

NASFAA's "Notable Headlines" section highlights media coverage of financial aid to help members stay up to date with the latest news. Articles included under the notable headlines section are not written by NASFAA, but rather by external sources. Inclusion in Today's News does not imply endorsement of the material or guarantee the accuracy of information presented.


Publication Date: 8/6/2021

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