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Healthcare Provider Update: Altice USA offers comprehensive healthcare benefits including medical (with pharmacy), dental, and vision coverage, along with supplemental options like critical illness and hospital indemnity insurance 1. With ACA premiums expected to rise sharply in 2026, employeesespecially those nearing retirement or using marketplace plansare encouraged to compare employer-sponsored options and coordinate early with HR and a tax advisor to manage potential cost increases Click here to learn more
Most Altice USA employees have already heard of the Free Application for Federal Student Aid, or FAFSA, if they or someone they know has plans to attend a college, career school, or university. Last year, around 70% of families submitted a FAFSA to the Department of Education to secure financial assistance. But what many prospective and current students may overlook are the various federal grants awarded to students in need each year.
Granted value
Most federal grants, unlike loans, function as sources of funding. There are some exceptions, though. For example, if a student is awarded a grant, but withdraws from the program in which they’re enrolled, they may be required to pay back all or a portion of that grant.
Know your grants
The Department of Education offers multiple aid packages as part of the Federal Student Grant Program and all Altice USA employees should be aware of them. The following four are granted most often, and each has different requirements for eligibility. The information below applies to the 2023-2024 academic year:
- Federal Pell Grants - With a maximum award of $6,895, Pell Grants are reserved for undergraduate students who have exceptional financial need and have not earned a bachelor’s, graduate, or professional degree yet.
- Federal Supplemental Educational Opportunity Grants (FSEO) - FSEO Grants award a maximum of $4,000 to those who demonstrate exceptional need and have not yet earned a bachelor’s or graduate degree. FSEO Grants also give priority to Pell Grant recipients over other applicants.
- Iraq and Afghanistan Service Grants - These grants award a maximum of $6,895, and they’re only for students whose parent or guardian served in a branch of the U.S. Armed Forces and died while serving in Iraq or Afghanistan after the events of 9/11.
- Teacher Education Assistance for College and Higher Education (TEACH) Grants - TEACH Grants award a maximum of $4,000, and they’re reserved for students who are enrolled in teaching preparation programs and agree to teach for a minimum of 4 years at the elementary or secondary school level in a high-need field.
FAFSA Required
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No matter who you are or your financial situation, you may want to consider submitting a FAFSA. After all, the grants listed above do require recipients to have an application on file with the Department of Education. And who knows? The potential financial benefit that you as a Altice USA employee could secure may surprise you.
- Finder.com, 2019
- StudentAid.gov, 2020
What is the 401(k) plan offered by Altice USA?
The 401(k) plan offered by Altice USA is a retirement savings plan that allows employees to save a portion of their paycheck before taxes are taken out.
How can I enroll in Altice USA's 401(k) plan?
Employees can enroll in Altice USA's 401(k) plan by accessing the benefits portal or contacting the HR department for guidance on the enrollment process.
Does Altice USA match contributions to the 401(k) plan?
Yes, Altice USA offers a matching contribution to the 401(k) plan, helping employees to maximize their retirement savings.
What is the maximum contribution limit for Altice USA's 401(k) plan?
The maximum contribution limit for Altice USA's 401(k) plan follows the IRS guidelines, which may change annually. Employees should check the latest limits for the current year.
When can I start withdrawing from my Altice USA 401(k) plan?
Employees can generally start withdrawing from their Altice USA 401(k) plan without penalties after reaching the age of 59½, though there are specific rules regarding hardship withdrawals.
Can I take a loan against my Altice USA 401(k) plan?
Yes, Altice USA allows employees to take loans against their 401(k) plan, subject to specific terms and conditions outlined in the plan documents.
What investment options are available in Altice USA's 401(k) plan?
Altice USA's 401(k) plan offers a variety of investment options, including mutual funds, target-date funds, and other investment vehicles, allowing employees to choose based on their risk tolerance and retirement goals.
How often can I change my contribution amount to Altice USA's 401(k) plan?
Employees can change their contribution amount to Altice USA's 401(k) plan at any time, subject to the plan's guidelines and payroll processing schedules.
Is there a vesting schedule for Altice USA's 401(k) matching contributions?
Yes, Altice USA has a vesting schedule for matching contributions, meaning employees must work for the company for a certain period to fully own the matched funds.
How can I check my Altice USA 401(k) account balance?
Employees can check their Altice USA 401(k) account balance by logging into the benefits portal or contacting the plan administrator for assistance.
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