1. Financial concerns
89% of students from the first generation in low-earning families tend to drop out of college. Many students work full time jobs to support their education. Jobs like this and student loans put a great deal of strain on these students.
With a Studious Solutions policy, we believe the cost of education can be comfortably deferred. That means a student can take out loans without immediately worrying about a job. If they do not finish school, their loans will already be covered, so they can focus on getting a good education and only have to pay for their loans once they have a degree and better job opportunities.
2. Don’t have time
College is a commitment, and students may drop out just because they don’t have time to complete their degrees. Things happen in life, like health concerns, big family changes, or a worldwide pandemic.
A Studious Solutions policy will cover a good number of things that may disrupt your child’s education in addition to bad grades. We cover in the event of serious injury or illness, new mental health concerns, and the death or impairment of parents or guardians. If any of these things lead to your child not having the time for school, we have their loans covered. And if a reason isn’t covered, we can still pay out if the reason has a clear negative impact on their grades.
3. College social life
College is a huge departure from the life students are used to, and it puts a lot of pressure on them to fit into new social norms. This can bring back high school dynamics or make students compare themselves to their peers and feel like they aren’t cutting it academically. Students can easily feel like an outsider who doesn’t fit into the college social scene.
Not fitting in is a tough thing to cover, but it is a reason a good deal of students drop out. To cover this, we at Studious decided that our policies will cover students who drop out during their first two semesters even if the only reason is they didn’t like it! If college isn’t right for your child, that is fine, but with our policies there won’t be any harm in trying!
4. Academic disqualification
College is tough, and students may be unprepared for the challenges they are presented with in higher education. In fact, 28% of students who drop out of college are unable to meet the set academic requirements. Stress and effort with understanding new concepts plus pressure to complete projects and homework under deadlines only add to this stress, especially since professors tend to put different deadlines on work than the students are used to from high school. Higher level courses can simply move too fast for a student to learn in this high stress environment.
This is why we are here! If college turns out to be too much, Studious Solutions policies will pay off a student’s loans and let students make decisions about their future without debt hanging over them. Bad grades will be less stressful when the consequence of failure is lessened, and we hope that reduced stress will allow your child to succeed in their education.
According to Imed Bouchrika, Chief Data Scientist at Research.com, “Finishing a college degree is a proven, first step towards a bright and successful future, as statistics often present a strong correlation between higher education and job security.”
We know you want the very best for your children. We’d love to learn about the obstacles you face and help you overcome them. Our agents will suggest a policy that is right for you, so you know you have prepared your child for college and given them every opportunity they need to pursue any future they want. Let us help you today with a Studious policy that fits your budget and leads your child to a bright, safe academic future.