College parents are smart about protecting their students and investing in higher education

Campus crime

When you consider the facts, it’s a good idea for college families to think about how to protect their students and the investment they make in higher education through tuition and tenant insurance. – John Fees, co-founder and CEO of GradGuard

Paying for college can be a challenge, but with an innovative new search tool providing valuable protection for your student, it’s easier than ever.

The average published tuition and tuition fees in the state and room and board fees for 2016-2017 are $ 20,090 and for out of state students the total fees are 35,370 $. The published average total fees for private four-year nonprofits are $ 45,370, according to the College Board’s 2016 College Price Trends. In total, more than 20 million students and their families invest approximately $ 500 billion annually in tuition fees, university fees, student accommodation and related expenses.

In fact, for many college families, spending on higher education is one of the most important investments they will make. “With so much money at stake, GradGuard’s new search tool makes it easy for families to find the insurance protection they need to protect their student,” said Bob Soza, president of University parents of America.

The GradGuard Finder makes it easy for families to find and purchase tenants and tuition insurance programs designed just for their college or university. According to John Fees, co-founder of GradGuard, “When you consider the facts, it makes sense for college families to think about how to protect their students and the investment they make in higher education.”

The need for insurance for college tenants

College students are advised to consider protecting themselves with tenant insurance. According to the Clery Act of 2015, colleges and universities reported 13,754 burglaries and robberies. During the same year, campuses reported 1,926 fires in student accommodation.

While property crimes like burglaries and campus fires are an ongoing problem on many college campuses, the good news is that there is a tenant insurance policy designed just for students. GradGuard College Tenant Insurance contains an exclusive student rider that offers affordable coverage that includes global real estate coverage, a low deductible, and no credit checks. For about $ 0.50 per day, families can protect students from loss, making tenant insurance a major consideration for college families.

The need for college tuition insurance:

College families are also advised to protect themselves with Tuition insurance. The majority of schools reimbursement policies do not extend beyond the fifth week of the semester, and many do not reimburse the full tuition fee after the start of classes. A 2015 survey of university scholars and health administrators confirmed that 84% of institutions do not provide 100% reimbursement. Even though the school provides 100% reimbursement of tuition fees, most schools do not reimburse school fees or student accommodation.

Tuition insurance can reimburse you for up to 100% of your expenses if a student becomes ill, injured or has to drop out of school due to the death of a parent. Tuition insurance can cover these costs and help you get back on your feet if you withdraw, without the added stress of financial loss. Many tuition insurance plans cover not only tuition fees, but also expenses related to university fees and student accommodation.

According to research from the American College Health Association, shows that many student health problems, including illnesses, accidents and injuries, are so severe that they can force a student to withdraw from class. The good news is that college families can protect their investment by purchasing tuition insurance starting at $ 29.95 to $ 2,500 per term.

GradGuard also offers special rates and coverage options at over 100 colleges and universities. According to the fees, “College families are often unaware that the investment they make in college education can be threatened. From theft to student health, students can be vulnerable to real financial loss that can disrupt their studies. However, GradGuard’s research tool and unique insurance programs allow students and their families to protect their higher education investment.

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About Joan Ferguson

Joan Ferguson

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