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As of June 30th 2023, the Studious Solutions web page will be down while we update our policies and procedures to give you a more traditional insurance experience including an account representative who will contact and guide you through the sign up process. We will be back to offer insurance for your family’s student loans in just a few short months!

Edit: We’re back! I guess I shouldn’t have made a whole separate post about that. Anyway, here is a sign up button!

In today’s world, access to quality education is key to unlocking opportunities and creating a brighter future. However, financial constraints often pose significant challenges for low-income families striving to provide their children with a college education. Studious Solutions understands these obstacles and offers a powerful solution that can transform the educational landscape for low-income families. In this article, we delve into why low-income families should strongly consider purchasing a Studious Solutions policy. Families will empower their children to pursue their dreams without the threat of overwhelming student loan debt.

1. Breaking Down Financial Barriers: One of the most significant hurdles faced by low-income families is the strain of financing higher education. Student loan debt can be a daunting burden that follows families for years to come. By investing in a Studious Solutions policy, low-income families can alleviate this financial barrier. The policy provides coverage that pays off the remaining student loan balance if a student is unable to complete their education. We provide relief from the burden of debt they would be stuck with. Our policies ensure that students will only have debt if they have received the education they need to pay it.
2. Protecting Educational Investments: Low-income families often make tremendous sacrifices to support their children’s education. They invest their limited resources and work tirelessly to create opportunities for a better future. However, unexpected circumstances can arise, forcing students to drop out of college and leaving families grappling with the financial repercussions. Studious Solutions acts as a safety net, ensuring that the educational investments made by low-income families are protected. It offers peace of mind, knowing that their financial sacrifice will not be in vain.
3. Enabling Long-Term Success: Education is a powerful tool for breaking the cycle of poverty and achieving upward mobility. A Studious Solutions policy enables low-income students to pursue their studies with the confidence that they will be financially supported throughout their educational journey. We remove the fear of overwhelming debt. Students can focus on their studies, explore opportunities, and make the most of their college experience. This support fosters an environment where long-term success becomes attainable.
4. Empowering Future Generations: Investing in a Studious Solutions policy is an investment in the future of your family. By providing financial security and support, parents and guardians are empowering their children to aim higher, dream bigger, and overcome the barriers that typically limit their opportunities. This investment has a ripple effect, as these students go on to contribute positively to their communities and serve as inspirations for future generations.

Low-income families face unique challenges when it comes to funding their children’s education. However, a Studious Solutions policy offers a transformative solution, breaking down financial barriers, protecting educational investments, enabling long-term success, and empowering future generations. By investing in a Studious Solutions policy, families can provide their children with the opportunities they deserve, opening doors to a brighter future without fear of the crippling weight of student loan debt. Let Studious Solutions be your partner in making education accessible and empowering low-income students to achieve their full potential.

All parents and grandparents dream of providing the best opportunities for their children’s future, including their education. However, unforeseen circumstances can sometimes disrupt even the most carefully laid plans. That’s where Studious Solutions steps in, offering an innovative insurance policy that protects your child’s financial investment in higher education. By considering a Studious Solutions policy, you can ensure that your child’s dreams are safeguarded. You can provide peace of mind for the entire family.

Protection against Unexpected Dropout: Life is full of uncertainties, and sometimes circumstances arise that force students to withdraw from college. Whether it’s due to health issues, unforeseen financial burdens, or personal reasons, dropping out of college can have a significant financial impact. Studious Solutions offers coverage that protects your investment. We pay off your child’s remaining student loan balance if they are unable to complete their education.

Financial Security for the Family: With the rising costs of education, it’s not uncommon for families to take on significant student loan debt to finance their child’s college education. This debt can become a tremendous burden if the student is unable to complete their degree. With our policy, you are taking a proactive step towards shielding your family from the potentially devastating financial consequences of being unable to finish college.

Customized Coverage Options: Studious Solutions understands that every family’s needs are unique. That’s why our policies offer multiple term lengths and coverage levels to fit your specific budget. When you’re considering coverage for your child’s future college enrollment, Studious Solutions offers flexible options to ensure you have the right level of protection.

Investing in Your Child’s Future: Purchasing a Studious Solutions policy is an investment in your child’s future. It demonstrates your commitment to their education and ensures that they have every opportunity to succeed, regardless of the obstacles that may arise. By providing this safety net, you’re empowering your child to pursue their dreams without the fear of crippling financial setbacks.

Securing a Studious Solutions insurance policy is a smart decision for parents and grandparents who want to protect their child’s educational investment. By doing so, you are offering your family financial security and peace of mind, knowing that Studious Solutions will be there to support your child in the event of anything unexpected making your child drop out of college. Take the proactive step today to safeguard your child’s educational journey and set them up for success in the years to come.

Trade school can be a valid alternative to a college education! Because of this, we do not want to discourage your child from pursuing a trade school education. You may have noticed in the full write up of our policies, we intend to cover trade schools or similar certification training. But that contradicts our payout model based on student loans. The way we intend to cover trade schools is through private bank loans.

Let’s say you have a Studious policy for your child and it turns out they would like to go to a trade school. You can use a bank loan or some other form of private lending to fund the schooling. As long as you can provide documentation of the loan and its purpose, we will treat licensed private lenders the same way we treat federal student loans.

Basically, make sure the loan came from a bank. We will be able to honor it and pay out as if it was a federal student loan.

The value of our plans may be different when looking at trade schools, but we do not want to limit your child’s choices in any way. We will do what we can to cover any post-secondary training they undertake. Their total coverage will be the same as with college semesters!

A Studious Solutions policy is a fantastic way to set your child up for their future! We do not want to limit your choices in any way. It is important to us that any child with a Studious Solutions policy can choose to go to school. They can also choose not to go to school. Or they can choose to go to a different form of school like trade schools. We are here to support your child on their educational journey and to make sure they have every chance of success.

A 529 Plan is a government sponsored savings accounts that lets families contribute to a fund for their child’s education. You can read more about them here. While their intentions are good, these plans have a few disadvantages compared to a Studious Solutions policy.

1. 529 plans are tied to the performance of other investment plans. Studious policies are not linked to the performance of investments. When your 529 plan might take a hit from recession, your Studious policy will remain unaffected. Your Studious Policy will still cost the same and offer the same coverage it promised originally.
2. 529 plans are run separately by each state. This means the requirements and options of these plans are inconsistent. Making sure you are using your 529 plan correctly can be complicated. Studious policies are uniform to all 50 states, and the requirements to sign up and use policies are consistent nation wide.
3. 529 plans have penalties for misuse. Along with taxes you might have to pay, 529 plans come with a 10% penalty on withdrawals for non-qualified expenses. A Studious policy pays based on the balance of student loans, so you do not need to be concerned about using the funds incorrectly.
4. 529 plans count against you for federal student aid. 529 plans are considered family’s expected contributions on a FAFSA, thus decreasing your child’s eligibility for grants, loans, and financial scholarships. A Studious policy does not disperse money until after schooling, which means it cannot hurt your eligibility for aid.
5. 529 plans can be very expensive. 529 plans have fees to the managers that grow with the balance of your account and many states have minimum contribution requirements that are hundreds of dollars. Studious policies are affordable and transparent. You will only be responsible for your monthly payment of premium plus sales tax.

Studious policies are a great alternative if any of these issues has convinced you not to open a 529 plan. We also believe in the good a 529 plan can offer if done correctly. We encourage you to look closely at the 529 plans offered by your state and invest in both a Studious policy and a 529 plan. Take loans that your 529 plan could cover. That way if your child completes their degree, they can pay for the loans with the 529 plan. If your child does not complete their degree, we can pay for the loan while the saved 529 balance sets your child up for a solid financial future.