New players expand tuition insurance business [Pittsburgh Post-Gazette]

Insurance News: Some students preparing to enroll this fall at Carnegie Mellon University have taken steps to protect their substantial investment in higher education by purchasing a special kind of insurance policy, one that may be unfamiliar even to veterans of the insurance industry.

For more than seven decades, CMU students have had access to an optional college insurance program known as the Tuition Refund Plan, which promises to reimburse students and their families for up to 100 percent of their semester fees if they need to withdraw because of a physical illness or accident.