Carlisle Employees: Navigating the Rising Costs of College Tuition for Your Family

Healthcare Provider Update: Healthcare Provider for Carlisle: Aetna Carlisle's medical plans are administered by Aetna, offering a variety of coverage options to suit the needs of employees and their families. These plans provide comprehensive benefits, including preventive care and prescription drug coverage, with options such as high-deductible plans paired with Health Savings Accounts (HSAs) to help manage costs effectively. Potential Healthcare Cost Increases in 2026: In 2026, healthcare costs are expected to surge significantly due to a combination of factors, including the likely expiration of enhanced federal subsidies and ongoing inflation in medical expenses. Many states face premium hikes soaring upwards of 60%, pushing average out-of-pocket costs for consumers potentially over 75%. With insurers forecasting a medical trend increase of around 7-10%, and the top insurers posting substantial profits, consumers could be left grappling with higher premiums and reduced access to affordable healthcare options. Consequently, strategic planning for medical expenses has never been more critical for individuals and families navigating this challenging landscape. Click here to learn more

It doesn’t take a degree in finance to see the cost of college continues to rise.

In its 2017 report, the College Board showed that public four-year institutions raised prices an average of 3.2% annually between the 2007-08 and 2017-18 school years. Put another way, a $5,000 education in 2007-08 would cost $6,851 in 2017-18.

For a few families, the lion’s share of education costs falls on parents and, in some cases, on grandparents. For our Carlisle clients who are parents you may already know, generally, the majority of families rely on a combination of scholarships, grants, financial aid, part-time jobs, and parent support to help pay the cost.

For Carlisle employees who have children approaching college age, a good first step is estimating the potential costs. The accompanying worksheet can help you get a better idea about the cost of a four-year college.

For Carlisle employees who already put money away for college, the worksheet will take that amount into consideration. For Carlisle employees who haven’t, it’s never too late to start.

Resources

There are a number of resources that can help individuals prepare for college. The U.S. government distributes certain information on colleges and costs. Here are two sites for these Carlisle employees to consider reviewing:

www.studentaid.ed.gov
The government’s college and financial aid portal.

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Articles you may find interesting:

www.collegeboard.org
The group that administers the SAT test.

Estimating the Cost of College