<p>I was looking through the transactions and looked this one up since it was a "non-qualified charge". This is optional insurance you can pay for.</p>
<p>Continuing students, do you pay for this? Is it necessary? Is it recommended?</p>
<p>New students, are you planning to get this? Why or why not?</p>
<p>If you are getting no financial aid or scholarships, it will help you out if you get sick or injured. I paid for it for the first year for my d. I think it helped me feel more comfortable, in case something might happen and she comes home–although that isn’t covered in the insurance–just injury and illness. I believe I am over the sticker shock of tuition and now feel that if she comes home in the middle of a semester, I will just take the hit, so to speak. It really depends on your finances and if you believe you would need the insurance if you left school due to injury or illness</p>
<p>Thanks TeachernMom!</p>
<p>Anyone else have any opinions on this?</p>
<p>I cancel it each semester, its unlikely that you will become too sick or injured to return.</p>
<p>I cancel it. But if you know you have some previous illness that may pose a problem, then I’d consider getting it. However, most people stay for the whole semester, so paying for it is just paying additional to the already high tuition.</p>
<p>How do we cancel it?</p>
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<p>[USC</a> ARR : Tuition Refund Insurance](<a href=“http://www.usc.edu/dept/ARR/tuitionrefund/]USC”>http://www.usc.edu/dept/ARR/tuitionrefund/)</p>
<p>Hi Teacher Mom,</p>
<p>I am a personal finance reporter for Associated Press (and dad of two high school sons) and I’m working on an article about tuition refund insurance. As a regular reader of CC, I came across this thread and your post. Would you be willing to talk to me – or just e-mail if you prefer – and provide a brief quote for my story along the lines of what you said in your July 25 post? I wouldn’t feature it in the lead or anything – plan to just tuck it into the story – but it’s always preferable for us to cite real examples instead of just quoting experts.</p>
<p>Either way, thanks for listening.</p>
<p>Dave Carpenter (Illinois Dad) – dcarpenter(at)ap.org, office phone 312-920-3628</p>
<p>Oops – so much for my attempt to send a direct message. If anyone else cares to comment to me for my story, I’m happy to hear any thoughts. As you can see I’m a semi-regular poster on this site, not just a journalist dropping in to make a connection.</p>
<p>I didn’t consider it last year for my two who are in college and are in generally good health. I’m wondering what will happen this year with all the swine flu issues. It’s not that I feel that there’s a fair chance that they’ll get incapacitated for a long enough duration that they will have to drop out; rather, will the schools follow some drastic protocol like sending the kids home every time they develop “flu like symptoms”.</p>
<p>I have two kids with chronic health conditions. USC encouraged us to get it for our kids but we opted out. (Their private HS also encouraged it but we opted out of it as well.) In our experience, our kids have always managed to finish school, even when they miss a lot due to their chronic health conditions. Teachers & profs have been good about working with the kids & allowing “I” (incompletes) rather than requiring them to withdraw from school altogether (D has gotten some Is but S never has).</p>
<p>It’s important to consider your particular situation, how likely you are to meet the terms of the insurance (with a careful eye on exclusions) and whether you can afford the possible loss of not. We figure over the years, we’ve saved 7 years of tuition refund insurance in their private school & so far 3.5 years for S & 1 year for D at USC. That adds up to 11.5 years of insurance at about $160+/year, which is $1840 we preferred to spend on things our kids need to attend school. We also don’t buy travel insurance, as the terms that would trigger it often exclude pre-existing conditions so aren’t too helpful to us.</p>
<p>We have read of some folks who have purchased the insurance & have read of some folks who have even made a claim & had coverage under the insurance.</p>