Salient. An Organ of Student Opinion at Victoria College, Wellington, N.Z. Vol. 1, No. 15. July 13, 1938
Insurance Against Exam. Failures. — Per N.Z.U. Press Bureau
Insurance Against Exam. Failures.
Per N.Z.U. Press Bureau.
Providence College, U.S.A.
A new plan has been evolved by a group of enterprising "seniors" who have formed the "Student's Protective Insurance Company."
For a premium ranging from 50 cents (2/-) for freshmen to 35 cents (1/5???) for seniors the company will guarantee an undergraduate's complete scholastic [unclear: programme] for a semester.
If he fails [unclear: to] attain the passing mark of 60. the Student Insurance Company will assume the payment of all conditional examination fees to the college, amounting to two dollars (8/-) for the first try and five dollars (???1) for the next two attempts afforded by the college.
Following the policy of regular insurance companies who Issue pamphlets on disease the students' new organisation will Issue a syllabus of scholastic "hot tips" for the examinations to policy holders in an effort to cut down academic "[unclear: mortality]" and lower premiums.