John Fees is the Co-Founder and Managing Director of GradGuard™. Fees is a graduate of Arizona State University, where he received a bachelors of science degree in History and is also a graduate of Harvard Business School where he completed a Masters in Business Administration. John Fees lives in Phoenix, Arizona and is married to Melissa Soza Fees, Ph.D. and is the father of five children. He is the Treasurer for the Arizona College Success Arizona, a Director of College Parents of America, Founding Director and investor in Tonto Creek Camp which provides service leadership experiences to 8,000 students annually. He is also an active member of University Risk Management and Insurance Association and the Professional Insurance Marketers Association.
National Public Radio published this story on student loan defaults and begins with a former student who did not complete their degree due to a medical illness.
The story reports that "in 1988, Latarsha Cockey signed up for computer classes at PTC Career Institute in Baltimore, Md. She hadn’t finished high school, and was hoping some extra skills would help her find a decent-paying job to support her young child. To pay for the classes, Cockey took out a $2,500 federal student loan. But she never finished. “I think I was there less than a month, because I came down with an illness,” she said.
This situation is sadly a reality for students at nearly all colleges and universities. Ideally, this student would have had the opportunity to enroll in GradGuard's tuition insurance program which could have likely helped this student either repay her loans or return to classes when she was healthy enough to do so.
Student health issues are a real factor in why students may fail to complete their degrees. In fact, the American College Health Association's national survey on student health trends reports the following:
To listen to the broadcast from NPR click hereor on the link below.