A Novel Idea to Keep Students in College: Failure Insurance

“Imagine a first-generation college student whose high-school preparation was less than ideal. She has just finished her first semester, and she realizes now that college is going to be tougher than she had hoped. She failed one course and struggled to earn C’s in her other subjects. She worries that she’ll eventually flunk out, and she wonders whether she should walk away now before she accumulates any more student debt. But what if she could hedge her risks by buying a ‘failure insurance’ policy that would reimburse her for a portion of her student-loan debts if she did flunk out? …” (more)

[David Glenn, Chronicle of Higher Education, 10 January]

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