Your Education, on the Company Dime

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Your employer pays for a gym membership, tooth filling and a 401(k). Why not tuition, too? By now, you've decided that an online degree is a good fit for your lifestyle and career goals.

Next step: Getting your employer to pay for your education.

Even during hard times, both employees and employers should see reimbursement as part of total compensation and an investment for the company.

Step One: Read the fine print

 

Most medium to large companies reimburse. Check your Employee Handbook for "tuition assistance" in business-related coursework, certification and continuing education.

 

Step Two: Why your employer should reimburse

 

It focuses on the bottom line: from an associate to doctorate, our employers pick unique degrees to fit our unique business. For example, risk-free training to use corporate systems.

It boosts loyalty: workers love any chance to grow their skills, so they're less likely to quit. Also, contracts require workers to pay back tuition if they leave within a year after earning a degree.

Flunking is not reimbursable: good grades are: C or above for bachelor's or B or above for a master's.

Low overhead: in most colleges, dorms make up a quarter of tuition. Gas is expensive too. With an online degree, we only need to pay for education itself.  

 

Step Three: Ask about third-party billing

Some employers pay the bill directly. Some write a letter saying they'll reimburse X percent per credit. Others use a contract your supervisors need to approve. You'll need to show receipts, grade transcript or your certificate.

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