Tuition Fees Insurance

What Does Tuition Fees Insurance Mean?

Tuition fees insurance is a type of policy that schools can purchase to provide tuition reimbursement to students if the school is forced to close during a semester due to a covered peril. It functions similarly to business interruption insurance.

Insuranceopedia Explains Tuition Fees Insurance

For example, if a hurricane damages a college campus, destroying many buildings, the school may need to close mid-semester to rebuild and make necessary repairs. Tuition fees insurance would reimburse the college for the tuition refunds issued to enrolled students in such a scenario.