Just like car or home insurance, Student Loan Insurance shields you from financial hardship. If your income after graduation falls below a certain threshold – typically $50,000 – Student Loan Insurance helps repay your student loans. Think of it as your financial safety net, giving you peace of mind from freshman year to your first job and beyond.
Or, call (877) 909-4754 to talk with a representative.It’s natural to feel confident about your future. Maybe you’re positive you will land a high-paying job after graduation or you know a parent will help with student loan repayment if your finances are too tight. The trouble is that life can be unpredictable. By investing a small amount during college, you can protect your financial future and potentially save thousands of dollars down the road. Here’s an example of what life could look like with – and without – protection:
| Without Student Loan Insurance | With Student Loan Insurance | |
|---|---|---|
| Graduate’s Annual Income | $30,000 | $30,000 |
| Monthly Loan Payment | $460 | $460 |
| Student Loan Insurance Reimbursement | $0 | $368 |
| Out-of-Pocket Loan Payment | $460 | $92 |
| Total Annual Loan Cost (12 months) | $5,520 | $1,104 |
| Total Annual Savings (12 months) | $0 | $4,416 |
Illustrative results based on actual policy terms.
Sign up early to ensure you’re protected – you’ll pay for coverage only while you’re in school.
Complete your bachelor’s degree at any eligible 4-year institution.
Work at least 30 hours per week in any job or combination of jobs.
After graduation, provide proof of your income and loan payments to receive your cash benefits.
Payments are sent directly to you every three months to ease the financial burden.
Who’s
Eligible
Anything paid for with student loans designated by your financial aid office, including tuition, housing, meal plans, books, and other fees.
Federal student loans, private loans, and parent PLUS loans.
Up to $100,000 in total loan repayments.
If you would like to know more about student loan insurance, let us know how to get in touch with you.
