Funding

How to Fund College through an Employer: How to Get Businesses to Pay for College Tuition, Other Expenses

Attending college and earning a degree is a goal for many people, but the cost can be quite prohibitive. However, what if you could get someone else to pay for it? Employer assistance programs are out there, and you just might be lucky enough to have one that will offer tuition assistance or even full reimbursement.

Large Fortune 500 companies often have some type of tuition programs for its employees but don’t discount the smaller companies as well. Of course, monetary support for college could be based on the degree you plan to earn as well as committing to a certain number of years employment as part of the tuition agreement. If you cannot afford going for a high end tuition or tutor for biology, you always have the option to opt for a h2 biology tutor

In your perfect world, your company would have tuition assistance programs for either undergraduate or graduate work or even basic continuing education classes. In addition, the program would pay for tuition up-front rather than get reimbursed for it and it would also cover lab fees and textbooks.

These college assistance programs companies offer usually are based on arbitrary company objectives such as productivity, employee retention and recruitment measures. The best way to learn more about your company’s policies in regards to college tuition assistance is to make an appointment with someone in the human resources department. They are the most knowledgeable in employee benefits.

Human resources will have the scoop on what tuition or college assistance programs are available as well as the primary parameters that you must meet in order to get support for your education. You have to be proactive and ask because not every supervisor is going to be well-versed on the subject or even realize there is a program in place. Some people can work for a company for years and not realize the educational potential they have where they are.

If your company does offer employee educational assistance, you will want to get the full scoop on how it works. Each place of employment is different. For instance, one company may require you to choose a major that is related to your course of work or even choose from a list of their approved universities. Others may require that you pay for the expenses first and then they will provide reimbursement for successful completion of the class.

In addition, companies may have a cap on how much they will assist you per semester. It is a definite that you have to carry at least a “C” average or higher in the courses you do take. And if you leave the company shortly after finishing your education, thanks to their assistance, they may ask for reimbursement of their investment in you. For this reason, some companies require a certain length of employment beyond your earned degree to ensure that get a return on their investment in your education. This is expected and par for the course. If you have no problem with any of the parameters, by all means you should take advantage of any employer assisted programs for your education.

Paola

Paola Garcia lives in Jakarta Indonesia. She is an associate professor in University of Indonesia and also managing Scoopinion at the same time. She is also fond of watching theatrical plays.
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