Tuition protection
Parents, worried that the check they wrote for $5,000 — or likely more — to cover this fall’s college tuition and room and board is akin to gambling, now have a safeguard against potential losses if things don’t work out.It is called tuition insurance, and it typically allows parents to recover some of their money if their child becomes sick or gets injured and has to withdraw from school. In some cases, policies kick in if, for example, there is a death in the family.