10 Companies That Will Help You Pay for College

  1/13/2014 by    in Paying for College   6 Comments

Employer IncentivesOne of the best ways to pay for college is to get someone else to foot the bill. And as luck would have it, there are quite a few companies that offer tuition assistance or tuition reimbursement as an employee benefit–even if you’re only there a few hours a week. Why would they offer such a lucrative perk to someone working part time? It’s really quite simple. Many employers understand that this type of incentive may actually tempt you to work for and stay longer with the company. I know I would feel a sense of obligation if someone gave me $12,000 for college. Wouldn’t you? If you have to work to help pay your college expenses, consider looking into one of these companies that will actually pick up part of the tab.

1. UPS

Part-time employees of UPS are eligible to receive up to $3,000 in tuition assistance per year, up to a lifetime maximum of $15,000. Those in a part-time management position are bumped up to $4,000 annually and capped at $20,000. Eligibility begins on the date of hire.

2. Publix

According to the company’s website, employees may be reimbursed for not only traditional degree programs, but also some individual courses and online programs. Any associate with at least six months of continuous service, who works an average of 10 hours per week, may be reimbursed up to $3,200 annually, with a lifetime limit of $12,800.

3. McAfee

McAfee provides tuition reimbursement up to $5,200 per calendar year for eligible educational expenses. Eligibility begins on the first day of employment for those working 20 or more hours per week.

4. Wells Fargo

Wells Fargo offers several scholarships to children of employees, ranging from $1,000 to $3,000 each. In addition, they offer their employees up to $5,000 in tuition reimbursement annually, for eligible tuition expenses.

5. Baxter

Regular employees may receive up to $5,250 per year for undergraduate courses at accredited colleges and universities. Upon management approval, employees may also receive tuition reimbursement for graduate-level coursework, as well.

6. Comcast

Comcast’s Education Assistance Program will reimburse approved tuition, books, and other educational fees up to $5,750 per calendar year.

7. Starbucks

As part of the Starbucks U Program, part-time and regular employees have the opportunity to take advantage of special student discounts and scholarships offered at select schools, as well as receiving up to $1,000 per year in tuition reimbursement. Eligible employees must have at least one year of continuous service before their classes begin.

8. Verizon

Verizon offers one of the better tuition reimbursement packages, providing its employees with up to $8,000 a year in education benefits. In 2012, more than 23,000 employees took advantage of the program.

9. Bank of America

Associates, who have been employed for six months and work a minimum of 20 hours a week, are eligible to receive tuition repayment through Bank of America. Under the program, 100 percent of tuition-related expenses (up to $5,250 per calendar year) will be reimbursed for both undergraduate and graduate programs.

10. Oracle

Regular, full-time employees may receive up to $5,250 per calendar year in tuition reimbursement for courses related to their current or future responsibilities at Oracle. Management approval is required.

Of course, getting these benefits is not as simple as submitting your college tuition bill. Some companies will only reimburse your fees after you have completed the courses with a minimum grade (usually a ‘C’ or better) or can show that your college degree is related to your position within the company. Even those that do reimburse upfront may place conditions on your benefits, such as a requirement to stay with the company for at least two years after completing your degree. To ensure you get every dime available to you, contact your company’s HR department and ask about your educational benefits.  You may have to jump through a few hoops, but every little bit helps.

About Tamara Krause

Tamara is the Social Media Coordinator and a regular writer for eStudentLoan.com, ScholarshipExperts.com, and CampusDiscovery.com. She enjoys helping students prepare for college. As a mother of four, Tamara has first-hand experience with many areas of education, including special needs (autism), the International Baccalaureate program and post-secondary education. She enjoys speaking at schools and mentoring others online. In her free time, Tamara enjoys volunteering and supporting her favorite football team, the Jacksonville Jaguars.
6 Comments
  1. Dave

    Qualcomm reimburses $10,125 per calendar year for graduate school & $5,250 for undergraduate school

  2. maria varela

    is there any benefits for employees that already completed their Degree and are paying school loan on any of those companies?

    • Tamara Krause

      Hi Maria. The majority of companies that offer educational benefits only provide reimbursement and assistance for those currently enrolled. I have heard that a few companies/organizations that work within the education arena may offer a small loan payment benefit to employees, but it’s not typical enough to make a huge dent in your debt.

  3. Joe S

    What are the grade ranges that they reimburse fully? Is it an A or B that gives full reimbursement, or do companies trend toward reducing tuition reimburse by what grade level you get.. 100% for an A, 75% for a B…

    What is the best practice on this?

    Joe

    • Tamara Krause

      Hi Joe. In most cases, companies will reimburse up to a set amount per semester or year for any classes with a passing grade (C or better).

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