I am a student! It can be easy to forget that, as it gets more and more difficult to pay for health care, students can face a myriad of expenses. The good news is that there are ways to cut down on costs and keep your tuition at a manageable rate.
As a student, it’s easy to forget that, as it gets more and more difficult to pay for health care, students can face a myriad of expenses. The good news is that there are ways to cut down on expenses and keep your tuition at a manageable rate.
A lot of this is actually in the hands of the student. When I had a student who had a $400-a-credit-hour tuition bill, I usually told them to eat a cookie and go to bed. It’s worth noting that if you’re really a student, you can get your bill lowered from $400/hour to $100/hour or $80/hour if you have a part-time job.
The tuition has gone down significantly among working families in the past couple of years. The cost of the health plan is a major factor in this. In my job at an arts and science high school, we charge $10,000 annually for the health plan. This is still higher than some universities and many private colleges, but the savings is significant. I know because my parents pay over $30,000 a year to cover my parents’ premiums, which are higher than many private health insurance providers.
The federal government has recently begun offering health insurance to students in the form of a student health insurance plan, though it’s only available to those with family incomes over 125% of the poverty level. This is a big deal, as it means that most students and families will be able to save significant amounts of money.
I’ve heard of it happening in some states, since a lot of students qualify to be paid a large sum of money by their school districts. The plan doesn’t have to be fully paid for with federal dollars and could be paid for with private money, like student loan interest. Some private insurance companies have started offering the plan, though it’s still not clear whether it will remain an option for everyone.
The plan has been available in Michigan for some time, but I have not seen it offered in other states. It is also not clear whether those students who qualify would be able to save as much as a high school student or whether it would be limited to certain levels of student loans.
I’m not sure what the plan would cost, but the question is: Can private insurance companies afford to pay for it? The way I heard it go, the plan was made possible by a federal waiver that allows private insurers to offer something like health insurance for low-income Americans. It may be that private insurers have to offer it to as many people as possible, in order to make it profitable.
This plan is only for certain kinds of student loans, i.e., student loans that are more than $9,000.
In response to the student loan reform plan that is being pushed by the Obama administration, Congress is considering a bill that would allow for more student loans to be forgiven. This would mean that more Americans would be able to get their education without having to go into debt. I think that it’s pretty clear that the Obama plan will not reduce the student loan burden as much as the student loan reform bill would.