Reliance Steel & Aluminum Employees: Navigating the Rising Costs of College Tuition for Your Family

Healthcare Provider Update: Healthcare Provider Information for Reliance Steel & Aluminum The healthcare provider for Reliance Steel & Aluminum is managed through a range of employee benefits, often in partnership with major national insurers and specific local plans tailored to their workforce needs. For specific details about the healthcare plan offerings, employees are encouraged to check with the HR department or benefits administrator. Potential Healthcare Cost Increases in 2026 Healthcare costs are poised to rise significantly in 2026, posing challenges for Reliance Steel & Aluminum employees. As record-high increases in ACA premiums loom-some states expect hikes over 60%-many workers may experience greater financial burdens. This rise can largely be attributed to the expiration of enhanced federal subsidies and escalating medical service costs. Consequently, without strategic planning and benefit adjustments, employees could face substantial out-of-pocket healthcare expenses that strain household budgets during an economically uncertain period. 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 Reliance Steel & Aluminum 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 Reliance Steel & Aluminum 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 Reliance Steel & Aluminum employees who already put money away for college, the worksheet will take that amount into consideration. For Reliance Steel & Aluminum 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 Reliance Steel & Aluminum employees to consider reviewing:

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