2. Tuition is too expensive.
The second most common reason for a student to become a college drop out is the cost of tuition and fees. This is why tuition insurance is so crucial. While a student may be reluctant to pay for insurance on top of a big tuition bill, the cost is nominal compared to losing most or all of your pre-paid tuition because of a withdrawal mid-semester. Most colleges have a strict tuition refund policy that allows for only a fractional reimbursement when a student drops out after the first day or week of classes. Allianz Global Assistance tuition insurance covers the balance when a student withdraws for a covered reason, so you won’t have to shoulder a big financial loss.