Do you know that one out of two adult learners is using corporate tuition reimbursement? Tuition reimbursement programs help pay for college tuition and tuition related expenses. Some companies require the employee to take courses specifically in the field (i.e. finance degree for those in the banking or investment industry) while others will allow the employee to take courses that are not job or business-related. If your company offers such a tuition reimbursement program it is something that you should take DEFINITELY take advantage of.
Eligibility and program requirements include, but are not limited to:
1. A maximum dollar reimbursement per calendar year for undergraduate and graduate courses.
2. Employee needs to be full-time and employed for a specific amount of time (usually 6 months.)
3. Courses must be taken through an accredited college or university.
4. Reimbursement is based on a “passing” grade which is usually a “C” or higher on the undergraduate level and a “B” or better on the graduate level.
5. There are usually reimbursable and non-reimbursable expenses and they are most often based on IRS guidelines.
6. Some companies base employee participation in such programs on current Performance/Evaluation Plans and Scoring.
7. Most companies provide reimbursement within 90 calendar days of course completion and the submission of appropriate forms/documentation.
January 10th, 2008 at 10:51 am
[…] Evil HR Lady wrote an interesting post today onHere’s a quick excerptDo you know that one out of two adult learners is using corporate tuition reimbursement? Tuition reimbursement programs help pay for college tuition and tuition related expenses. Some companies require the employee to take courses … […]