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Students taking a test. Photo: Frederick Florin/AFP via Getty Images

College students are being left with immense payments in tuition for classes they never finished after quitting mid-semester because of mental health breakdowns from stress and anxiety.

The big picture: As college tuition rises and pressure increases on students to do well, tuition insurance has become a popular fallback option among students when dealing with tuition payments in the middle of the school year, Douglas Belkin of the Wall Street Journal reports.

Situational awareness: College costs have continued to rise in the United States. The average cost of tuition was $34,740 in 2017 — a nearly $20,000 dollar increase from its mark in 1988, according to data from the College Board.

As costs have increased, the pressure on students to perform well has also increased with 61% of students saying they’ve sought counseling in a 2016 survey by the American Psychological Association reporting anxiety issues.

Between the lines: That anxiety causes some students to leave school and, once they leave, they're stuck with tuition payments. That's where tuition insurance comes in.

  • Most policies charge about 1% of the cost of school, so a semester that costs $30,000 would only cost about $300 in insurance.
  • As it becomes more popular, Belkin writes, more schools are working with insurers. "At least 200 schools now work with insurers, offering the coverage to families when the pay the tuition bill."

Yes, but: Most schools have a deadline for reimbursement about halfway through the semester, Belkin writes, but most students are unaware of it.

  • Once the deadline passes, families are unable to get a refund on costs for the semester.

Go deeper: College tuition costs have risen behind austerity.

Go deeper

Why made-for-TV moments matter during the pandemic

Photo illustration: Sarah Grillo/Axios. Photos: Erin Schaff-Pool, Biden Inaugural Committee via Getty Images

In a world where most Americans are isolated and forced to laugh, cry and mourn without friends or family by their side, viral moments can offer critical opportunities to unite the country or divide it.

Driving the news: President Biden's inauguration was produced to create several made-for-social viral moments, a tactic similar to what the Democratic National Committee and the Biden campaign pulled off during the Democratic National Convention.

Updated 8 hours ago - World

Over 3,000 detained in protests across Russia demanding Navalny's release

Russian police officers beat protestesters at a rally against of jailing of oppositon leader Alexei Navalny in Moscow on Saturday. Photo: Mikhail Svetlov/Getty Images

Police in Russia on Saturday arrested more than 3,300 people as protesters nationwide demanded that opposition leader Alexey Navalny be released from jail.

Details: Demonstrations began in the eastern regions of Russia and spread west to more than 60 cities.

Updated 10 hours ago - Politics & Policy

Arizona Republicans censure Cindy McCain and GOP governor

Combination images of Cindy McCain and Gov. Doug Ducey. Photo: FilmMagic/FilmMagic for U.S.VETS/Michael Brochstein/SOPA Images/LightRocket via Getty Images

Arizona Republican Party members voted on Saturday to censure prominent GOP figures Cindy McCain, Gov. Doug Ducey and former Sen. Jeff Flake (R-Ariz.), who've all faced clashes with former President Trump.

Why it matters: Although the resolution is symbolic, this move plus the re-election of the Trump-endorsed Kelli Ward as state GOP chair shows the strong hold the former president has on the party in Arizona, despite President Biden winning the state in the 2020 election.