Stanley Black & Decker Employees: Navigating the Rising Costs of College Tuition for Your Family

Healthcare Provider Update: Healthcare Provider for Stanley Black & Decker Stanley Black & Decker primarily utilizes Aetna as their healthcare provider for employee benefits. Potential Healthcare Cost Increases in 2026 In 2026, Stanley Black & Decker employees are likely to face significant increases in healthcare costs due to escalating premiums in the Affordable Care Act (ACA) marketplace. With several insurers projecting hikes of over 60%, the financial burden on employees may intensify as many companies plan to transfer more healthcare expenses to their workers. Additionally, if enhanced federal subsidies are not renewed, millions of enrollees might see their out-of-pocket premiums rise by more than 75%, placing further strain on household budgets. As a result, employees need to proactively review their health plans and consider strategies to mitigate these impending cost increases. 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 Stanley Black & Decker 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 Stanley Black & Decker 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 Stanley Black & Decker employees who already put money away for college, the worksheet will take that amount into consideration. For Stanley Black & Decker 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 Stanley Black & Decker employees to consider reviewing:

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