Many companies offer financial assistance to their employees
and/or their children interested in furthering their education.
The human resource/benefits department of each employer should
be able to inform you about the types of financial assistance
offered by their company.
Some
employers may offer:
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Employer
Tuition Programs |
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Some employers
offer tuition assistance programs for employees considering
going back to school. According to IRS regulations,
employers can provide up to $5,250 to each employee
per year on a tax-free basis. Additional employer tuition
assistance is taxed, so many employers stay within the
IRS guidelines and limit. The IRS
Publication 970 can provide you with additional
information about the employer-provided educational
assistance benefits.
If your employer is willing to invest in your future,
it is important that you understand their polices and
guidelines such as: GPA requirements, tuition payment
/ reimbursement programs, career/major requirements,
post-degree work requirements, payment for books and
materials, completion schedule for courses/degree, etc.
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Scholarships |
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Some employers
offer scholarships for dependents (children) of their
employees. Ask your parent(s) to contact their benefits
/ personnel office at their company regarding any scholarships
for employees' dependents. If their employer offers
scholarships for students, request an application package.
If you are working part-time for a company that offers
scholarships to its employees, ask your supervisor or
benefits personnel office if you are eligible to apply
for these scholarships. If you are eligible to apply,
request an application.
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| • |
Employer
Loans |
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Some employers
offer low interest-rate college loans to employees and/or
employees’ dependents (children). |
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