In: Business and Management

Submitted By jayjay12
Words 1367
Pages 6
Tuition Reimbursement Report:
Financial aid from employers is looked upon as a major benefit (or perk) offered for positions within the company. There is an opportunity for both the employee and company to benefit from additional educational experiences, which is why this benefit has become such as big thing when people are looking for jobs.
Employers typically will offer up the financial funding to support an employee’s desire for educational advancement, and will not require any repayment of the money. A common trend for companies is to have the employees pay for the courses and materials up front, and then reimburse the money (or at least a portion) at the completion of the course, or semester. Some companies only reimburse a portion of the money at the completion of a course, in order to hold a sort of commitment with the employee to complete the degree. Once the employee completes the full degree, the “withheld amount” is then reimbursed over the course of a year or two. This is done in order to avoid employees from gaining a degree for free from one company and then leaving to work elsewhere.
The tuition reimbursement program is typically overseen and handled by a member of the company’s Human Resource department. This individual serves as the point of contact to ensure that the necessary criteria have been satisfied for each semester prior to approving reimbursements. Additionally any questions pertaining to guidelines and company policies related to tuition reimbursement for education should be directed to this member of human resources. Also, most companies maintain a decent amount of information related to tuition reimbursement on their websites, which is available to employee 24hours a day.
It is extremely important for an employee to assess their current position within the company, where they would like to go, and finally what the outlook…...

Similar Documents


...Although my tuition is paid for in full, I still have a job as a college student. I feel as if you should let your situation determine if you should have a job or not. I have a job because on weekends I have spare time, in which I can earn some money to support my personal needs. The most important thing is to consider your situation. If you really need a job to survive, then it is a good idea. I believe that there is advantages to working and going to school at the same time. There are three advantages of working while being a student in college. The first advantage is that you will earn some extra money to help cover college expenses. The second advantage is that having a job will make help strengthen your time- management skills. Last, a college job can help you educationally depending on your major. The first benefit of having a job in college is that, you will earn some money. You can use your earnings to buy things you want, save for the future, pay any expenses you have and help pay your tuition. The more you earn the less money you might have to take out in student loans. For example, during my Uncle’s first few years of being a college student, he had to cover a huge portion of his tuition costs through borrowing a hefty sum of money while my parents helped cover the rest. Once he started working part-time jobs, he was able to fully fund his education out of his own pocket instead of being required to borrow an additional amount of money. Also, no matter if......

Words: 661 - Pages: 3

Tuition Reimbursement

...Tuition Reimbursement Program Proposal Misti Ford Axia College University of Phoenix XCOM 285 December 4, 2012 Priya Soni Facilitator It is very common for men and women of all ages to attend college courses to advance their knowledge in the field that they are currently working in. Among our company we have a wide variety of people who currently hold an Associate’s Degree and want to earn their Bachelor’s Degree while maintaining the position that they currently hold within our company and possibly advancing into a higher position after completion. I feel that it would be a good asset to our employees as well as to our company to assist each individual that shows an interest in taking courses by allowing them to take advantage of tuition reimbursement program. According to Dye, F. (2003) tuition reimbursement is when a student pays for college costs upfront t and is later reimbursed at a later date. This program is implemented in many different career fields and is very beneficial to a great majority of companies that offer tuition reimbursement or even tuition assistance to their employees. There are many fields that have an allowance for their employees to advance their training and continue going to school either at a campus or online. One example and the most common practice that implements this program is the health and medical field. Certified Nursing assistants are at the bottom of the chain and will work their way up and become Registered Nurses with...

Words: 1172 - Pages: 5

Tuition and Fees

...Educational and Financial Plan Review Financial Plan Associate of Arts with a concentration in Criminal Justice April 2013 ~ October 2014 [pic]PDF • Summary • Details Tuition & Expenses Edit |Tuition  |$18,960 | |Materials & Fees |$1,440 | |Total Tuition & Expenses |$20,400 | Grants, Scholarships & Other Benefits Edit |Grants |-$11,100 | |Total Benefits |-$11,100 | Federal Loans & Monthly Personal Contributions Edit |Personal Contributions: ($0/month x 18 months) |-$0 | | | | |Stafford Loan Details | | |Principal Amount  |$9,300 | |Interest Amount  |$3,543 | |Total Principal & Interest ...

Words: 267 - Pages: 2

Tuition Reimbursement

...TUITION REIMBURSMENT BENEFIT XCOM 285 – Essentials of Managerial Communications Instructor: David Harris Week 7 Assignment Claudia Pino Our company has had a very profitable 2012, and the goal is to continue this raising trend. In order to continue achieving these results our company is looking to expand employee benefits by adding tuition reimbursement. I currently work in the benefits department and I have been recommended by my manager to prepare a report regarding the benefits of adding a tuition reimbursement program for our employees. This program will cover tuition reimbursement for qualified employees that will be enrolling to complete their Bachelor’s Degree. The report will present the effects and benefits that adding tuition reimbursement will have on both our company and our employees. The report is also going to present the type of degrees that should consider for reimbursement through this program. “Employers have vested interest in making sure employees...

Words: 1088 - Pages: 5

Tuition Inflation

...of commodities is considered bad and taken so seriously, why is that they haven't paid much attention towards the rising inflation in tuition fees? Like inflation affects the willingness and purchasing power of people, tuition inflation is affecting the cost of attending college. Extremely high tuition fees are acting as obstacles for entering a college or a professional course and turning it into a distant dream for many people. Even if some of them are fighting against the odds and arranging financial assistance for their education, it does not change the fact that education has become too expensive. It is making situation more tedious for parents saving for their child’s education as they are unsure how much should they save now that will be able to meet the inflation of tuition fees when their child graduates from High School. Researches show that since 1986, cost of tuition fees or tuition inflation has risen a massive 498.31%. In 1986 the cost of tuition fees was $10,000, now a days due to inflation it has increased to an approximate $60,000. This is not just inflation; it is ‘disproportional’ inflation. In a situation, when inflation in a particular sector of economy exceeds general inflation, where form 1986 to 2010 general inflation has only risen 115.06%. Statistical data reveal that considering any 17 year period from 1980, tuition inflation has been in the range of 6% to 9%, which means that on an average, it rises 8% every year. In simple terms, these......

Words: 380 - Pages: 2


...Online EFFECTIVE FOR ALL STUDENTS ENROLLED ON OR AFTER MAY 17, 2013. 2013 Tuition and Fees Schedule Total Credits Required for Graduation Total Credits Taken at AIU Total Cost Per Credit Hour Total Program Cost (Includes all Software and Course Materials)1 Undergraduate Programs Associate of Arts in Business Administration (AABA) 90 90 90 180 180 180 180 180 90 90 90 180 180 180 180 180 $302 $302 $302 $302 Bachelor of Accounting (BACC) $302 $302 Bachelor of Fine Arts (BFA) $302 $302 $54,360 $54,360 Bachelor of Science in Criminal Justice (BSCJ) $54,360 $54,360 Bachelor of Information Technology (BIT) $27,180 $27,180 $27,180 $54,360 Associate of Science in Criminal Justice (ASCJ) Associate of Arts in Visual Communication (AAVC) Bachelor of Business Administration (BBA) Graduate Programs Master of Business Administration (MBA) 48 60 48 48 48 60 48 48 $582 Master of Accounting (MACC) $582 $582 Master of Education (M.Ed.) $442 $21,216 $34,920 $27,936 Master of Information Technology (MIT) $27,936 Notes 1. rogram tuition and total program cost are based upon total program credits, which may vary due to transferred credits or repeated courses. P 3. rogram tuition is charged per credit hour each quarter throughout the student’s program and is charged at the beginning of each quarter. P 4. nstitutional Charges include a custom suite of course materials that are provided to the student by Words of Wisdom, LLC. At the University’s discretion, books I......

Words: 1598 - Pages: 7

Tuition in College

...Rising Costs of College College tuition is a hot topic these days. For a long time, people did not pay much attention to tuition. Today, things are changing. More and more people are realizing how high tuition has reached and now they want that to change. In this essay, I have tried to approach a very difficult topic. The problem with this topic was that while searching for facts and information I found that almost all of the information regarding it was attack after attack on the college administrations. I found no writings by college administrators attempting to defend themselves. When I started the research for my first paper this semester, I thought I would just be cruising through another English course, effortlessly composing the required essays, and looking over other peoples' thoughts on topics I could not care less about. That all changed when I discovered the truth about how much college tuition has gotten out of control over the years. Students have every right to be angry about the state of college tuition. In the past 20 years, "tuition increased twice as fast as the overall cost of living (Larson, 63)." Between 1980 and 1990, the average cost of attending public and private colleges increased by 109% and 146%, respectively “ (Hood, 10). To put these figures into perspective, we can compare them with other rising costs during the same 10-year period. Those who can afford these outrageous prices can usually also ignore it. As for the rest of us, when......

Words: 750 - Pages: 3

Tuition Reimbursement

...Tuition Reimbursement Vanessa Lewis XCOM 285 09-04-2011 Suzanne Delger Tuition reimbursement is a good way to attract employees that are looking to further their education. Companies see it as an opportunity to retain their employees and increase job performance and loyalty. In order to get what you want you have to give them what they want. However, it is really up to the employee if he or she stays with the company once he or she has earned their degree. There are many things that we have to look at when it comes to tuition reimbursement because it may help a company meet their short term turnover goals, but really could go either way. Most want to better themselves in some way; tuition reimbursement encourages those that are unable to pay for college. It is easier to make that choice when employees know there is financial help available. Also, knowing that they can then move forward in the company helps the employee and the employer. As adults, one has to work and someone can come in do the same job that you do and make more money than you do just because they have a degree to go with their skills. When most employees even think about pursuing a degree, it is because they are looking for more income. Having a degree opens up the door for employees to earn more money on the job that they already love. On a weekly basis, someone with a high school diploma, on average, earns $507. Some one with a bachelor’s degree, on average, earns $834 a week, a......

Words: 874 - Pages: 4

Tuition Fee

...Should a university education be tuition free? Education is very important for everyone to get knowledge, social life, or good job. Many students want to go to university but not everyone can go there because of the problem of their financial support to go to university. From that cause, even though they want to go to university but should government support their university education for free? While some ordinary people and some students think that it should have a lot of advantages for them if a university education has tuition free, students should pay for their university education because they will get quality education, they will have responsibility to study and they will help their government save money to make education better, or to do something else. Universities have to consider students’ qualifies when they accept students to their university. On the other hand, students need universities that have quality too. Money support for university education from the government may not enough for hiring good teacher, tuition fee, materials, or text books. This cause impact to university and lend to low quality. The question is why students have to go to free university and do not get anything that they should get from the university? Maybe it is better to stay at home, or work if they didn’t get any knowledge from school. Many students have motivated to go to university whereas many students have not. But if the tuition is free, maybe the university will have a large......

Words: 429 - Pages: 2

Tuition Reimbursement

...Tuition Reimbursement is a viable option that our company should look at as a means of giving our employees a way to advance their education and their positions in our company. This company was built by people and it is in those people that we should invest in, nurture and show that we are committed to their success not just here but in their life success. Often times companies look outside of their own ranks to hire people with advance degrees or more experience when there should be people here that get promoted so that growth my begin from the entry level as it should like the roots of a tree. Many of our employees are not satisfied in the positions they are in but this is not to say they are not satisfied with the company but they want more from themselves as individuals. Our profits show that we have employees that are committed to us, now it is time that we show that we are committed to them and their future. There are opportunities right now within our organization that our own employees would not qualify for without a degree, most of whom have the experience but are being held back because they do not have the one thing that would make them more hirable. As the company grows and new positions become available our employees would also like the opportunity to grow with the company as well, but in most cases with the rising costs of college it becomes almost impossible to better yourself. In todays job market our employees need all the help they can to compete......

Words: 1083 - Pages: 5

College Tuition

...College Tuition Reimbursement Amanda Taylor October 23, 2010 Imagine a young woman or man receiving their first job. Now each of these two individuals knows that they want to further their education and move up in the company that they are working for. Both of these people go to the HR department and receive what the benefits will be as they continue their work at this company. The young lady finds out that in her benefits package she can receive college tuition reimbursement. What is that you ask? College tuition reimbursement is an agreement between an employer and employee that outlines specific terms under which the employer may pay for the employee's continuing education. Among the benefits an employee can receive, this is the greatest one by far. I will be explaining why college tuition is a great asset to every company benefit package and how it can help improve the company. My sister works at the local hospital. She has been working there for about a year. She is a CNA which stands for Certified Nurse’s Assistant. Now this certificate is easy to achieve. You take a couple classes over a three month period and you take a test at the end and you become certified. Anyone can do it. Health care is a growing career, with that being said there is a strong need for people in this type of field. The hospital offers college tuition reimbursement. My sister can attend school to get her nursing degree while still working at the hospital and they......

Words: 993 - Pages: 4

Tuition Reimbursement

...Tuition Reimbursement Implementation A tuition reimbursement plan offers many benefits to both employers and employees. The benefit to the employee is the opportunity to sharpen their skills through advanced education. The main benefit for our organization is the ability to attract and retain valuable employees. Tuition assistance is a powerful benefit that can be used as an advantage by our company to employ a better educated work force and a continued supply of qualified candidates to move up the chain of command. If employees are able to further their education they will become more skilled and as a result will provide more value to our company. The knowledge and skills that employees gain from their education can translate into a more confident, productive, on the job employee who has the ability to make executive decisions when the need calls. An educated employee is more apt to take on additional assignments, is more capable of utilizing leadership skills, thus improving the company’s professional image in the long run. The more an employee knows the easier it is to promote them upwards as well as laterally, developing a more rounded and happy employee. Providing tuition reimbursement develops team players through school studies increasing employee retention because employees are more likely to be loyal and dedicated to a company they feel is also loyal to them and has a vested interest in the development and success of its employees. Loyalty reciprocates because......

Words: 1069 - Pages: 5

Tuition Reimbursement

...Employee Benefits: Tuition Reimbursement Program Benefits department (Axia College XCOM-285 wk 7) This past year here at company X we have had a very profitable year; and it’s important that we do everything that we can to make sure that we maintain this strong progression forward. Now, of course we have made strong financial strides; and we will continue to improve on the external factors that have gotten us to this point. However, I feel that it is imperative that we also pay close attention to the internal factors that will pay dividends for this company in the long run. As many of you know, it was approved in the budget some time ago to add the employee tuition reimbursement program. This option would be specifically geared towards those employees that are really looking to grow with our company, and achieve another level of knowledge by attaining a degree in Business or Communications. Until now we have overlooked the benefits of providing this option to our employees, but I believe now is the time to go forward. By looking at the overall benefits to our company, it should be evident why this will be a good move for company X. Currently 45% of our employees do not have a college degree. And after taking a company wide census poll among our staff approximately 80% of those people would like to attain a degree but have not done so due to a lack of time or resources. This lack of knowledge drastically limits the upward mobility of many of these......

Words: 1061 - Pages: 5

College Tuition

...Essay #1: College Tuition Education is a very important resource to people of all races, origins and religions. The U.S. government should pay for two years of college tuition for every U.S. Citizen who graduates from an American High School to show how education in the United States has a high impact on the job market. At this current time it is imperative for parents to ensure their children are prepared for the reality ahead. The U.S. government currently funds many different programs to help those in need of resources for shelter and a means of helping to care for families, but there is not much help available in terms of education. Although America is a free country and the government is far more lenient than other countries, the education system has fallen below the mark according to the National Educational Agency, and this matter needs to be brought to the forefront. Our American high school students are suffering and depending on the wrong type of government assistance to help maintain everyday life standards and adding to the high school drop-out rates in record highs. Currently, the government funds programs from the federal, state and local levels for high school education only. The government has separated post-secondary education to rely on student loans from lending institutions along with scholarships to help with the cost of post-secondary education. However, the funds allocated for some of these programs to help keep the American high school students in......

Words: 1528 - Pages: 7


...educate our employees by adding a tuition reimbursement program to their current benefits. By offering this to our employees we will be able to benefit as a company with the employees attending school who will bring in new ideas and it will also create loyalty and reduce the cost of training new employees. This program will provide us the opportunity to continue to train our employees and offer more aggressive salaries along with promotional opportunities, creating and education benefit is a win-win for both the employee and our company. By adding this program for the employees it will help their overall knowledge in the field of business and will help the company in the ways of new ideas heading into the future, Business today is very complicated and knowing our trends has made us very successful, but think how much better our company could perform with our employees continuing to be educated through our tuition reimbursement program. “Many organizations continue to offer tuition reimbursement because it provides significant value to employees as well as the company.”(Szakaly, 2012). Many companies are starting to require all their employees have some type of secondary education. There are many people who have college degrees who are unemployed and looking for jobs. Not only can we offer our employees an opportunity to better themselves but at the same time train them to help increase profits within our own business. By offering a tuition reimbursement program we......

Words: 331 - Pages: 2

Remember Me | Myriad Colors Phantom World OVA (1) | Forest Of Drizzling Rain