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Healthcare Provider Update: Offers medical coverage through Aetna, dental, vision, HSAs, FSAs, and mental health support via Lyra Health 7. As ACA premiums rise, Crown Castles employer contributions and wellness incentives provide a strong buffer against marketplace volatility. Click here to learn more
Most Crown Castle International 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 Crown Castle International 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 Crown Castle International employee could secure may surprise you.
- Finder.com, 2019
- StudentAid.gov, 2020
What type of retirement savings plan does Crown Castle International offer to its employees?
Crown Castle International offers a 401(k) retirement savings plan to its employees.
Does Crown Castle International provide a company match for contributions to the 401(k) plan?
Yes, Crown Castle International provides a company match for employee contributions to the 401(k) plan, subject to certain limits.
What is the eligibility requirement to participate in Crown Castle International's 401(k) plan?
Employees of Crown Castle International are generally eligible to participate in the 401(k) plan after completing a specified period of service.
Can employees of Crown Castle International change their contribution percentage to the 401(k) plan?
Yes, employees of Crown Castle International can change their contribution percentage to the 401(k) plan at designated times throughout the year.
What investment options are available in Crown Castle International's 401(k) plan?
Crown Castle International's 401(k) plan offers a variety of investment options, including mutual funds, target-date funds, and other investment vehicles.
How often can employees of Crown Castle International make changes to their investment allocations in the 401(k) plan?
Employees of Crown Castle International can typically make changes to their investment allocations on a quarterly basis or as specified in the plan documents.
Is there a vesting schedule for the company match in Crown Castle International's 401(k) plan?
Yes, Crown Castle International has a vesting schedule for the company match, which determines how much of the matching contributions employees are entitled to based on their years of service.
What is the maximum contribution limit for Crown Castle International's 401(k) plan?
The maximum contribution limit for Crown Castle International's 401(k) plan is set according to IRS guidelines, which can change annually.
Does Crown Castle International allow employees to take loans against their 401(k) savings?
Yes, Crown Castle International allows employees to take loans against their 401(k) savings, subject to specific terms and conditions outlined in the plan.
What happens to an employee's 401(k) balance if they leave Crown Castle International?
If an employee leaves Crown Castle International, they have several options regarding their 401(k) balance, including rolling it over to another retirement account, cashing it out, or leaving it in the Crown Castle International plan if eligible.
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