There isnt much talk about tuition insurance. That might be because its perceived as a sunk cost; because colleges often refund some percentage of tuition until the midpoint of the semester; or because its so rare for people in their late teens or early 20s to contract debilitating illnesses. Or maybe because policies usually dont refund tuition for students who drop out to “find” themselves or who get kicked out for drinking or bad grades. But the idea of paying a bit extra to ensure that a student and his family get the bulk of what theyve paid for a semester has never quite caught on.