Tuition insurance, also known as tuition refund insurance, protects students from financial loss due to involuntary withdrawal from their educational program. It covers withdrawals due to medical issues, death, mental health issues, job loss of the student or guardian. The insurance refunds tuition and fees based on when the withdrawal occurs, ensuring the student receives a full refund. It covers tuition, meal, and scholarship fees but not failures to attend class or intentional injuries. Major companies offer this insurance for students attending expensive schools.