HomeEconomyWhy College Coaching Is a Hot Employee Perk Economy Why College Coaching Is a Hot Employee Perk By inew December 19, 2022 0 87 views Share FacebookTwitterPinterestWhatsApp BAC +1.% Add/Remove from Watchlist Add to watch list Add location Location successfully added to: Please name your portfolio Types of: purchase Sell date: quantity: price Point value: Leverage: 1:11: 1: 1: 1: 1: 05 1: 11 1: 11 1: 10 Committee: 2020 CREATE NEW WATCH LIST CREATE 41256 2020 Create a new shareholding portfolio Add Create 1000415 + add another position to close 500 BFAM 200-0 .% 243 Add/Remove from Watchlist Add to watchlist Add location Location successfully added to: Please name your holdings folder Types of: purchase Sell date: quantity: price point value : Leverage: 1: 1 1: 1: 1: 1: 1: 10 1: 05 1: 50 1:25 Committee: 41256 Create New Watchlist Creation 1000 400 + add another position to close by Chris Taylor NEW YORK (Reuters) – When Jenny Rosenberger’s daughter started thinking about college, she felt what many American parents do: completely overwhelmed. Senior Vice President, Bank of America (NYSE: 52BAC ) at Newark, Delaware, took a look at the application process — with its mountains of options, paperwork and opaque admissions criteria — and wasn’t quite sure what to do with it all. Then she sees an employee perk offered by the company: “College Coaching.” The program not only helped her daughter Kaydria Boyer make a list of target schools, but also provided essay feedback and provided financial aid tips. Outcome: She applied Accepted almost everywhere, including the winner LSU. “Not only was she accepted, but she received a substantial scholarship,” Rosenberg said. “We would never have been on our map if LSU hadn’t been on their list, and I don’t know that she would have gotten the scholarship without their support and feedback.” This is an interesting employee perk, in an era of “big resignation” and “quiet resignation”. Companies are trying to figure out how to retain and motivate their best employees while building loyalty — and helping someone else’s child is a surefire way. Growing focus on the cost of higher education and rising student loan debt has prompted companies to help employees with the college application process. “Not only do we have to help people on the back end of college, but how do we help families on the front end?” Craig Copeland, Director of Wealth Benefits Research, Employee Benefits Institute Say. Getting help from a college coach is not to ignore the important work that school counselors do every day. But as education funding continues to stretch , school counselors are often overwhelmed. National Student Counselor Ratio 100- The school year is 14-1, according to the American Association of School Counselors. so additional support for this complex process is a smart idea. The problem, of course, is cost: Getting private help can cost hundreds of dollars an hour, and the total bill can easily run into the thousands. Here’s why digging into your employee benefits handbook could turn into a windfall—because many people may not even know they have it on the menu. college counseling. ” said Brandt Bennett, Bank of America Benefits Executive who oversees the company’s program, which began with and Bright Horizons Corporation (NYSE: 52BFAM ). “Not only will this mean huge savings, but it will also give them peace of mind. ” Since we are in the midst of application season, please don’t waste time trying to find out if you have this employee benefit, especially if your child is starting next fall Get ready for college. (If your kids are a few years away from college age, you can start lobbying now.) 415 Possibly as much time. First, because services like essay review take some time, involving multiple drafts to sharpen ideas and improve the final product. Second, because college coaches can also guide you through financial aid opportunities, many of which are first-come First served and has its own early deadline. Potentially, making more thoughtful college choices could save money over a longer time frame – Not just four years of a bachelor’s degree, but years of student debt afterward. “People don’t really understand the full cost of college, it’s employers One way to help employees ensure they are making choices they can really afford,” said EBRI’s Copeland. One last thought: When When your college coach helps narrow down potential institutions—Rosenberg’s daughter received three lists of likely-accepting, likely-accepting, and “stretch” schools—remember to let your child guide the process. Have ideas about your child’s dream college, but they probably have their own. This could relate to a particular major, or the local climate, or whether they prefer a small-town or big-city experience – all of which can provide you with some “eye-openers” that you may not have anticipated ’ suggestion, Rosenberg said. ” This is brand new to me and I need a lot of help,” she said. “If I had gotten private help myself, it would have cost me thousands of dollars – no question about it.” 200 Share FacebookTwitterPinterestWhatsApp Previous articleHarrison Ford and Helen Mirren on why '1923' is 'a step into the unknown'Next articlelondraw creates short animations for nervous test takers inewhttps://inew.news RELATED ARTICLES Economy ECB tightening cycle nears end, but still in final stages, says De Guindos June 1, 2023 Economy Sri Lanka cuts 250 bps, marks rebound from crisis June 1, 2023 Economy Analysis – Struggling Chinese local governments find funding loophole, life-saving straw in 'pearl debt' June 1, 2023 LEAVE A REPLY Cancel reply Comment: Please enter your comment! 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