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Healthcare Provider Update: Provides medical, dental, vision, and wellness programs, including telemedicine and FSAs, through its My Scripps Health Plan 2. With ACA premiums projected to increase by 1518%, Scripps comprehensive benefits help employees avoid steep out-of-pocket costs and maintain consistent care. Click here to learn more
Most E.W. Scripps 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 E.W. Scripps 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 E.W. Scripps employee could secure may surprise you.
- Finder.com, 2019
- StudentAid.gov, 2020
What type of retirement savings plan does E.W. Scripps offer to its employees?
E.W. Scripps offers a 401(k) retirement savings plan to help employees save for their future.
Is there a company match for contributions made to the E.W. Scripps 401(k) plan?
Yes, E.W. Scripps provides a company match for employee contributions to the 401(k) plan, subject to certain limits.
How can employees at E.W. Scripps enroll in the 401(k) savings plan?
Employees at E.W. Scripps can enroll in the 401(k) savings plan through the company's HR portal or by contacting the HR department for assistance.
What is the eligibility requirement for E.W. Scripps employees to participate in the 401(k) plan?
Most employees at E.W. Scripps are eligible to participate in the 401(k) plan after completing a specified period of service, typically within the first year of employment.
Can E.W. Scripps employees change their contribution amounts to the 401(k) plan?
Yes, E.W. Scripps employees can change their contribution amounts to the 401(k) plan at any time, usually via the HR portal.
What investment options are available in the E.W. Scripps 401(k) plan?
E.W. Scripps offers a variety of investment options in its 401(k) plan, including mutual funds, target-date funds, and other investment vehicles.
Are there any fees associated with the E.W. Scripps 401(k) plan?
Yes, there may be administrative and investment fees associated with the E.W. Scripps 401(k) plan, which are disclosed in the plan documents.
How does E.W. Scripps educate its employees about the 401(k) savings plan?
E.W. Scripps provides educational resources, workshops, and one-on-one consultations to help employees understand the 401(k) savings plan and make informed decisions.
What happens to the 401(k) savings if an employee leaves E.W. Scripps?
If an employee leaves E.W. Scripps, they have several options for their 401(k) savings, including rolling over the account to another retirement plan or cashing out.
Can E.W. Scripps employees take loans against their 401(k) savings?
Yes, E.W. Scripps allows employees to take loans against their 401(k) savings, subject to certain conditions and limits.
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