Recommend a life insurance company for college age child?

[The Mystery Machine]

I read those stories a hundred times while DD was in the college process. She applied for so many of that "unclaimed" money that's floating around out there and all her efforts got her exactly one $100 scholarship. I don't doubt that an occasional person scores a good one once in awhile, but I just don't believe there's a ton of money that companies simply can't give away.

I think that's one of the two biggest myths of college. The other one is that private colleges offer so much money that it makes them cheaper than public schools. DD received some $25,000 to $35,000 a year scholarships which we thought was spectacular until we realized just how ridiculously priced the private colleges were. Factor in the scholarships offered by the public schools and there was no contest.
Sorry, my little rant went OT!

Yea. My dd got a "free tuition" scholarship. The rub was that you had to live in the dorm all 4 yrs AND that price tag was higher than the college she went to.

 

[tvguy]

So once again, you take a single example and make a blanket statement. Since you're in television, can we use this one?... "All News people lie. After all, Brian Williams did."

Nothing is black and white. I think the word "should" in my post indicates it it NOT a blanket statement.

 

[tvguy]

Yes, but only 10% of undergraduates at University of Pacific pay "sticker price." 90% receive financial aid, and the average discount rate for students receiving financial aid is about 40%, comprised of both significant need-based and merit aid. That brings the average cost down by close to $17,000, and for students like your daughter's friend, with limited financial means, they are likely receiving significantly more in aid than that.

You made my point.

 

[VandVsmama]

Putting aside the debate of whether or not you actually need to get life insurance due to the student loans, if you or your child's other parent are USAA members, then she can become a USAA member and get really good life insurance rates through them.

FWIW, this was awhile ago, but when DH & I were first married when I was 22 and just out of college, we got a term life insurance policy for me and it cost us $40/month for $300,000 of coverage. Their website is located at www.usaa.com.