It can happen to tuition, too.
College is riskier than it looks. 70% of schools report growth in withdrawals* while 1 out of 4 students who enroll don’t return for a second year.* With most schools not offering refunds after the fourth week of classes, college tuition insurance can be an effective way to protect against the financial loss of tuition, fees and other expenses when a forced medical withdrawal for a covered reason is the only option. Read the real stories below about the risks of college.
*Survey administered by HigherEdStudy during December of 2019.
Mental Health is still the leading challenge on college campuses
Survey of student affairs professionals administered by National Association of Student Personnel Administrators (NASPA) and online student wellness service Uwill released in January of 2023.
I nearly failed out of my freshman year because of severe depression. I admitted myself to the neuropsychiatric hospital because I wanted to end my life and realized I needed help. After getting discharged, I returned to school and graduated on time, while also teaching myself computer science.
Posted by Reddit user: u/3_14159NotACopOh I wish I had known this was a thing. My daughter has struggled this year with extreme mental health illness and just quit school a few weeks ago due to the anxiety and overwhelming stress.
Posted by Amy Z. on FacebookWould have been good for my DD (dear daughter) who crashed her brains out in bad bike accident (no helmet) and had to withdraw due to her injuries (concussion). You never know, and if paying the tuition will be a hardship, please consider the insurance.
Posted by Linda M. on FacebookI personally think it's a really smart thing to do, especially for freshman year, which is such a huge transition.
Posted by Melissa S. on FacebookHighly recommend [tuition insurance]. My Asperger/ADHD son Just had to withdraw mid semester due to mental health issues. GradGuard sells tuition insurance but you must purchase before classes start. I highly recommend purchasing when you consider the cost of tuition etc.
Posted by Kathy C. on Facebook
1 out of 4 student who enroll don’t return for a second year.
Survey administered by HigherEdStudy during December of 2019.
A teammate from summer ball had it in 2021. Blew his ACL so it was worth it for him, and the first time I had heard of it. We'll buy it next year when my pitcher heads off to college.
Posted by Sandra S. on FacebookMy son lost $10,000 even after almost dying & had to drop out.
Posted by Joyce G. on FacebookThe stigma around mental health has prevented me from finally admitting to myself how much I was struggling. I wasn’t stupid — I was a teenager going through “unprecedented times.” I was also dealing with undiagnosed ADHD, which led to crippling depression and anxiety.
Posted by Zai Dawodu on The Daily Northwestern