As millions of college students prepare to head off to spring break,
Sallie Mae, the nation’s No. 1 financial services company specializing
in education, offers students and their parents greater peace of mind
through its travel insurance program.
“Spring break should be a well-deserved time of fun and relaxation for
college students,” said Charlie Rocha, senior vice president, Sallie
Mae. “Travel insurance gives students and their parents the security of
knowing that their vacation plans, and more importantly their safety,
can be well protected.”
Offered through the recently launched Sallie Mae Insurance Services,
travel insurance includes the critical benefit of trip interruption
insurance and other services to meet the needs of a typical college
student. A sudden late snow storm or stomach bug can turn a welcome
break from the books into a loss of thousands of dollars. Generally
costing 4 percent of total trip cost, travel insurance is a small
investment to protect the cost of a trip. In fact, students can purchase
travel insurance right up until their departure date.
Sallie Mae’s travel insurance benefits include:
Cash reimbursement that airlines and cruise companies may not
provide in event of trip cancellation. Most airline
rescheduling policies and cruise companies’ own insurance policies
strictly limit allowable reasons for trip cancellation and offer
credit only with a deadline and no cash reimbursement. Reasons for
trip cancellation covered by the Sallie Mae Insurance Services policy
can include weather, natural disaster, sickness, injury, death in the
family, and trip delay.
Protection for medical events—and from disastrous medical expenses. Health
insurance may not protect students from the potentially catastrophic
expense of medical treatment while traveling, especially outside of
the United States. Travel insurance covers medical expenses and
medical evacuation to return home.
Baggage protection that regular policies may not provide. Travel
insurance covers the expenses from baggage loss, delay, theft and
damage that a homeowner’s policy and credit card may not cover.
Value-added travel assistance services. Travel assistance
services, such as ID theft recovery and emergency cash advance,
provide students with additional security and convenience at no extra
Sallie Mae’s travel insurance helps ensure that students’ needs will be
met in the event of a trip cut short due to weather conditions or when
the fun comes to an end because of a medical issue. To learn more, visit www.SallieMae.com/insurance.
Sallie Mae (NASDAQ: SLM) is the nation’s No. 1 financial services
company specializing in education. Whether college is a long way off or
just around the corner, Sallie Mae turns education dreams into reality
for its 25 million customers. With products and services that include
college savings programs, scholarship search tools, education loans,
tuition insurance, and online banking, Sallie Mae offers solutions that
help families save, plan, and pay for college. Sallie Mae also provides
financial services to hundreds of college campuses as well as to federal
and state governments. Learn more at SallieMae.com. Commonly known as
Sallie Mae, SLM Corporation and its subsidiaries are not sponsored by or
agencies of the United States of America.