<img height="1" width="1" style="display:none" src="https://www.facebook.com/tr?id=314834185700910&amp;ev=PageView&amp;noscript=1">

New Update: Healthcare Costs Increasing by Over 60% in Some States. Will you be impacted?

Learn More

Central Garden & Pet Employees: Unlock the Benefits of the Federal Student Grant Program for Your Family's Education

image-table

Healthcare Provider Update: Central Garden & Pet offers a flexible benefits package tailored to employee needs. U.S.-based employees can choose from multiple medical, dental, and vision plans. The company also provides voluntary benefits to help cover unexpected out-of-pocket costs, along with a confidential wellness program available to employees and their families. Additional offerings include a 401(k) retirement plan, life insurance, and generous educational assistance for undergraduate, graduate, and professional certifications1. Healthcare costs in the United States are projected to continue rising through 2026, with insurers proposing significant premium increases for Affordable Care Act (ACA) plans. A recent analysis found that ACA insurers are seeking a median premium increase of 15% for 2026, marking the largest hike since 2018. This surge is attributed to factors such as the anticipated expiration of enhanced premium tax credits, rising medical costsincluding expensive medications and increased hospital staysand a shift in the risk pool towards higher-cost enrollees. Without the renewal of enhanced subsidies, out-of-pocket premiums for ACA marketplace enrollees could increase by more than 75% on average. Click here to learn more

Most Central Garden & Pet 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 Central Garden & Pet 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

Featured Video

Articles you may find interesting:

Loading...

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 Central Garden & Pet employee could secure may surprise you.

  •  Finder.com, 2019
  •  StudentAid.gov, 2020

With the current political climate we are in it is important to keep up with current news and remain knowledgeable about your benefits.
Central Garden & Pet has announced a restructuring plan that includes a reduction in workforce and a freeze on employee raises. Additionally, they have proposed changes to their pension plan and 401(k) matching contributions.
New call-to-action

Additional Articles

Check Out Articles for Central Garden & Pet employees

Loading...

For more information you can reach the plan administrator for Central Garden & Pet at 1340 Treat Blvd. Walnut Creek, CA 94597; or by calling them at 1-925-948-4000.

*Please see disclaimer for more information

Relevant Articles

Check Out Articles for Central Garden & Pet employees