But what happens if you send your child to college and they drop out? You might get a refund, but depending on when the withdrawal happens it may not be the full amount paid for tuition, fees, room and board and other expenses. In fact, the entire amount may have to be forfeited. Tuition insurance can help protect against this situation.
Learn more about the pros and cons of tuition insurance by reading my newest story for Forbes Advisor, available here.