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What Is Tuition Insurance And How Does It Work

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Manage episode 443305424 series 2449596
Contenido proporcionado por The College Investor. Todo el contenido del podcast, incluidos episodios, gráficos y descripciones de podcast, lo carga y proporciona directamente The College Investor o su socio de plataforma de podcast. Si cree que alguien está utilizando su trabajo protegido por derechos de autor sin su permiso, puede seguir el proceso descrito aquí https://es.player.fm/legal.

I was recently asked a question by a reader about the drawbacks of getting a private student loan.

She asked why she shouldn’t get a private student loan, when interest rates are so low right now. She would need to cosign with her daughter on the loan in order to get the best rate.

My advice was as follows: the biggest danger of a private student loan is that the cosigner is also liable for the debt. So, should something happen to her daughter, and she can’t graduate and earn income, she will be on the hook for the debt.

However, there are options to protect parents when it comes to paying their children’s tuition – tuition insurance.

Below, we’re giving you our best insights into tuition insurance and sharing our top picks for tuition insurance providers.

  continue reading

898 episodios

Artwork
iconCompartir
 
Manage episode 443305424 series 2449596
Contenido proporcionado por The College Investor. Todo el contenido del podcast, incluidos episodios, gráficos y descripciones de podcast, lo carga y proporciona directamente The College Investor o su socio de plataforma de podcast. Si cree que alguien está utilizando su trabajo protegido por derechos de autor sin su permiso, puede seguir el proceso descrito aquí https://es.player.fm/legal.

I was recently asked a question by a reader about the drawbacks of getting a private student loan.

She asked why she shouldn’t get a private student loan, when interest rates are so low right now. She would need to cosign with her daughter on the loan in order to get the best rate.

My advice was as follows: the biggest danger of a private student loan is that the cosigner is also liable for the debt. So, should something happen to her daughter, and she can’t graduate and earn income, she will be on the hook for the debt.

However, there are options to protect parents when it comes to paying their children’s tuition – tuition insurance.

Below, we’re giving you our best insights into tuition insurance and sharing our top picks for tuition insurance providers.

  continue reading

898 episodios

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