More families considering college tuition insurance

BUFFALO, N.Y. (WIVB) — More families have started considering buying insurance for college tuition.

A lot of families struggle to make a decision about this.

Tuition, fees, and room and board can top $20,000/year at state schools, and $45,000/year at private universities.

If you’re concerned about the cost, you could buy a tuition refund insurance policy. It will refund the payments you made for tuition, fees and on-campus housing if a student withdraws from school.

Most plans will reimburse a student if they have to withdraw for a serious health issue. If they drop out for academic reasons, are expelled, or just aren’t happy at school, the insurance won’t apply.

Also, in order to collect the insurance, all claimed expenses must be documented, and a doctor must recommend that the student withdraw from school.

Most schools have a refund policy, and do not limit reimbursement to medical issues if a student withdraws during the school year.

The policies are sold by third-party companies. provides commenting to allow for constructive discussion on the stories we cover. In order to comment here, you acknowledge you have read and agreed to our Terms of Service. Commenters who violate these terms, including use of vulgar language or racial slurs, will be banned. Please be respectful of the opinions of others. If you see an inappropriate comment, please flag it for our moderators to review. Note: Comments containing links are not allowed.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s