We spend so much time planning the perfect dorm, but we need to consider some other important issues as well.
Here are some ideas to help keep your child and their belongings more secure.
LOANS, INSURANCE, AND PAPERWORK OH MY…
Renter’s Insurance
Renters insurance for a dorm can be a good idea because it protects your personal belongings from theft, fire, water damage, and other covered risks, as well as providing liability coverage if you're found responsible for damages or injuries
Tuition Insurance
There is no way around it, college is expensive and often a difficult transition for kids. If your child decides to leave for any reason, most colleges and universities do not provide 100% refunds. Many people get tuition insurance to protect your investment. Tuition insurance provides reimbursement when a student can’t complete an academic term due to an unforeseen, covered accident, injury or other covered reason.
After your child turns eighteen, they'll still need you! Make sure you have the necessary documents that empower you to step in when medical or financial emergencies happen and make decisions on their behalf when they can't. Prepare to keep them safe, like you always have, with a Young Adult Power of Attorney bundle from Mama Bear Legal Forms.
It only takes 10 minutes and you can even use my promo code “DormRoomMamas” for 20%-off
Power of Attorney
College Loans
Navigating the loan process can be difficult and intimidating. This is a great website to not only compare loans, but get quotes easily as well. There is no universal correct or bad choice. Each family needs to evaluate what is best for your individual situation.
Life Insurance
God forbid anything happens to your child, those of you that co-sign loans will be left with the burden. Life insurance for college kids is very affordable (like $10 a month).