But while Honeywell claims that it has a "comprehensive contingency plan" if the merger fails, its share price weakens in line with speculation that the deal will be blocked.

BBC: Decision day for GE

Rumors of a Greek exit have flown left and right, with claims that Eurozone member-nations were asked to draft contingency plans, first denied by Greece, then confirmed by Belgium.

FORBES: Europe Imploding Again: Get Ready For The 3PM Press Conference

For now, parents should review financial-aid letters and look for contingency statements or discrepancies in awards (for example, if one school claims the student will receive a federal grant but another doesn't).

WSJ: D.C. Drama Will Dictate Financial-Aid Arithmetic