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AMN Healthcare Services Employees: Unlock the Benefits of the Federal Student Grant Program for Your Family's Education

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Most AMN Healthcare Services 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 AMN Healthcare Services 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 AMN Healthcare Services employee could secure may surprise you.

Finder.com, 2019

StudentAid.gov, 2020

What type of retirement savings plan does AMN Healthcare Services offer to its employees?

AMN Healthcare Services offers a 401(k) retirement savings plan to help employees save for their future.

Is there an employer match for contributions made to the 401(k) at AMN Healthcare Services?

Yes, AMN Healthcare Services provides an employer match on employee contributions to the 401(k) plan, subject to certain limits.

How can employees enroll in the 401(k) plan at AMN Healthcare Services?

Employees can enroll in the 401(k) plan through the AMN Healthcare Services benefits portal or by contacting the HR department for assistance.

What are the contribution limits for the 401(k) plan at AMN Healthcare Services?

The contribution limits for the 401(k) plan at AMN Healthcare Services are set according to IRS guidelines, which may change annually.

Can employees take loans against their 401(k) balance at AMN Healthcare Services?

Yes, AMN Healthcare Services allows employees to take loans against their 401(k) balance, subject to the plan’s specific terms and conditions.

What investment options are available in the AMN Healthcare Services 401(k) plan?

The AMN Healthcare Services 401(k) plan offers a variety of investment options, including mutual funds, stocks, and bonds, allowing employees to choose based on their risk tolerance.

How often can employees change their contribution amounts to the 401(k) at AMN Healthcare Services?

Employees at AMN Healthcare Services can change their contribution amounts to the 401(k) plan on a quarterly basis or as specified in the plan guidelines.

What happens to my 401(k) if I leave AMN Healthcare Services?

If you leave AMN Healthcare Services, you can choose to roll over your 401(k) balance to another qualified retirement plan or withdraw the funds, subject to tax implications.

Does AMN Healthcare Services offer a Roth 401(k) option?

Yes, AMN Healthcare Services offers a Roth 401(k) option, allowing employees to make after-tax contributions and potentially enjoy tax-free withdrawals in retirement.

Are there any fees associated with the AMN Healthcare Services 401(k) plan?

Yes, there may be administrative fees associated with the AMN Healthcare Services 401(k) plan, which are disclosed in the plan documents.

With the current political climate we are in it is important to keep up with current news and remain knowledgeable about your benefits.

AMN Healthcare Services has recently undergone a restructuring process, resulting in layoffs affecting several departments. The company has also announced changes to its benefits packages, including reductions in healthcare and retirement benefits. These updates have been discussed on various news sites, including www.thelayoff.com.

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For more information you can reach the plan administrator for AMN Healthcare Services at 12400 High Bluff Drive San Diego, CA 92130; or by calling them at (866) 871-8519.