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Coinbase Global Employees: Unlock the Benefits of the Federal Student Grant Program for Your Family's Education

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Most Coinbase Global 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 Coinbase Global 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 Coinbase Global employee could secure may surprise you.

Finder.com, 2019

StudentAid.gov, 2020

What type of retirement plan does Coinbase Global offer to its employees?

Coinbase Global offers a 401(k) retirement savings plan to its employees.

How can employees of Coinbase Global enroll in the 401(k) plan?

Employees of Coinbase Global can enroll in the 401(k) plan through the company’s HR portal during the enrollment period.

Does Coinbase Global match employee contributions to the 401(k) plan?

Yes, Coinbase Global provides a matching contribution to employees' 401(k) plans, subject to certain limits.

What is the maximum contribution limit for the 401(k) plan at Coinbase Global?

The maximum contribution limit for the 401(k) plan at Coinbase Global is in line with IRS regulations, which can change annually.

Can employees of Coinbase Global take loans against their 401(k) savings?

Yes, employees of Coinbase Global may have the option to take loans against their 401(k) savings, subject to the plan's terms.

What investment options are available in the Coinbase Global 401(k) plan?

The Coinbase Global 401(k) plan offers a variety of investment options, including mutual funds, index funds, and target-date funds.

Is there a vesting schedule for the employer match in Coinbase Global’s 401(k) plan?

Yes, Coinbase Global has a vesting schedule for the employer match, which outlines how long employees must work to fully own the matching contributions.

Can employees of Coinbase Global change their contribution percentage at any time?

Employees of Coinbase Global can change their contribution percentage during designated times, typically during open enrollment or after a qualifying event.

What happens to the 401(k) plan if an employee leaves Coinbase Global?

If an employee leaves Coinbase Global, they have several options for their 401(k) savings, including rolling it over to another retirement account or cashing it out.

Are there any fees associated with the Coinbase Global 401(k) plan?

Yes, there may be administrative fees associated with the Coinbase Global 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.

In early 2024, Coinbase Global announced a restructuring plan involving a reduction of approximately 15% of its workforce. This move comes in response to declining cryptocurrency market conditions and regulatory challenges.

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For more information you can reach the plan administrator for Coinbase Global at 100 Pine Street, Suite 1250 San Francisco, CA 94111; or by calling them at (888) 908-7930.