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.