| | | There are countless questions parents ask themselves when they send their child off to college...
Will they be happy?
Will they be safe?
Will they be studying?
One question too many parents don't worry about enough is will my financial investment be covered should something occur that prevents my child from staying in school?
Did you know that one out of four students who enrolled in a four-year non-profit college in 2017 did not return to any school for their second year?
There are many reasons why that could occur: medical withdrawals are on the rise and there's been a dramatic increase in anxiety, depression, and mental health conditions that are leading to student medical withdrawals as well.
As much as parents don't like to consider those things occurring, they can, and when they do, you risk great financial loss. So, you owe it to yourself to make sure you've done the work to protect your family from such a financial loss, because it is preventable.
During a recent Facebook Live, we discussed insurance with John Fees, the cofounder of GradGuard, a national, specialty insurance marketing platform.
The coronavirus crisis has brought new attention to the risks of college life nationwide. John was particularly adamant in advising that a good place to start thinking about your investment is by finding out what, if any, refund policies your child's school offers.
Tuition and Renter's Insurance GradGuard’stuition and renters insurance programs are available through a network of more than 300 colleges and universities. And if your child's school is not in that network, it's even more important that you check in with GradGuard.
Renter's insurance is another way of protecting your assets. The kids we send off to school think of themselves as "adults," but we know that, in reality, they're still kids. And, they lose things, they break things, and their things get stolen.
Whether they live on campus or off-campus, you want to make sure their possessions are protected. That also goes for any damages that could occur to any piece of property they might be renting.
To hear more from John and learn more about GradGuard, watch our Facebook Live here. |
| | | | My goal is to always provide you with affordable services, insightful information and access to actionable data to help you make more informed college decisions.
Feel free to respond to this email with any questions you have. |
| | Debbie Schwartz Founder, Road2College I'm a parent, like many of you, navigating college admissions and paying for college. With an expertise in personal finance, analysis, and marketing, I'm working to give families the information and tools to make smarter financial college decisions. |
| | This email was sponsored by GradGuard.
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