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

Healthcare Provider Update: Healthcare Provider for Whirlpool Whirlpool primarily utilizes the services of UnitedHealthcare as one of its leading healthcare providers. This affiliation ensures that Whirlpool employees have access to a broad network of healthcare resources, including medical, dental, and vision plans tailored to their needs. Potential Healthcare Cost Increases in 2026 As we approach 2026, Whirlpool employees should brace for significant healthcare cost increases. Premiums for Affordable Care Act (ACA) marketplace insurance are expected to surge due to a perfect storm of factors, including rising medical costs and the anticipated expiration of enhanced federal subsidies. Estimates suggest that many employees could see their out-of-pocket premiums skyrocket by more than 75%, particularly in states like New York, where hikes could exceed 66%. This potential increase necessitates careful consideration of healthcare options and budgeting for Whirlpool employees to maintain financial stability in the coming year. 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 Whirlpool 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 Whirlpool 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 Whirlpool employees who already put money away for college, the worksheet will take that amount into consideration. For Whirlpool 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 Whirlpool 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