Scholarships, grants and loans. It's how most college students fund their education. Many feel they need a safety net, a last resort so that if something happened and they couldn't pay for college they wouldn't be trapped financially. That's the whole idea behind drop-out insurance.

"I think it would be a good thing, a back up plan for students with unknown circumstances. That would really take a lot of stress off their day," said Barbi-Liz Vazquez, a FSU student.

"I changed my major too late after the drop/add and we have to pay $300 back per class. So I think drop-out definitely, insurance would be awesome," said Brandon Angelone, a FSU student.

But college advisers don't agree and believe there is always a way to find financial support.

"There's grants available, there's loans available so there are avenues to get money for the people who want to do it," said Bob Garner, a Flagler College Tallahassee assistant Professor.

Lawmakers are about to embark on the legislative session and many students and parents are concerned about the rising costs of college tuition. Florida State University and Flagler College have both been named a best value college, but administrators say, that isn't necessarily a good thing.

"I think that you get what you pay for when it comes to education and if tuition is a little more expensive, if students have to pay a little more out of pocket, that will be directly reflected in the type of education they get," said Sara Williamson, Flagler College Tallahassee Associate director of admissions.

School administrators say even though it seems harsh to raise tuition, the more money the school can bring in, the better the professors and researchers the school can acquire. Which can make for a more fruitful college education.

Most schools do have some sort of refund policy in place. Students often have to meet specific deadlines and don't get all of the money back.