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

Healthcare Provider Update: Healthcare Provider for Iron Mountain: Iron Mountain does not directly provide healthcare services. Instead, it is known for its information management and data storage services. However, Iron Mountain's employee health benefits are generally managed through various insurance providers depending on their employment policies. Healthcare Cost Increases in 2026: As 2026 approaches, healthcare costs are anticipated to rise significantly, creating challenges for employers and employees alike. Record increases in health insurance premiums, particularly within the Affordable Care Act marketplace, could exceed 60% in some states. A recent PwC survey forecasts healthcare costs for businesses to climb by 8.5%, prompting many employers to shift more expenses onto employees. This environment of soaring premiums, coupled with the potential expiration of federal premium subsidies, places added financial strain on millions of insured individuals, as out-of-pocket healthcare costs could rise dramatically. 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 Iron Mountain 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 Iron Mountain 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 Iron Mountain employees who already put money away for college, the worksheet will take that amount into consideration. For Iron Mountain 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 Iron Mountain 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