We dont have a thread that discusses this, and since many FW readers are college-age, this could be a helpful topic. Some employers offer tuition reimbursement even for entry level, part time workers (and even if the subject matter is not related to the employment).
Please list employers and details in a followup post or in the QUICK SUMMARY below.
I'll start off:
BANK OF AMERICA - Up to $2000 reimbursement per year for undergrad, $4k for graduate school. Any major for undergrad, grad work must be biz related. Not reported as income for undergrad. No restriction on yrs of employment or # of hours worked (this may have changed since I was aware of the plan). I knew someone who worked 6 hours on saturdays ONLY and got this
Boeing -- Full reimbursement (full tuition and books, any subject) if you work 20 hours or more per week. My friend had her last year of USC (~ $30,000) paid for while interning.
Raytheon -- Up to ~ $7,500 a year reimbursement for grad school related to your work. If you quit work, you must repay anything they paid for tuition during the previous two years.
You can also apply to get accepted into a fellowship program that pays full graduate tuition (no cap) plus: 1) $5,000/year stipend but limits you to 20-36 Hrs of work/Week (50-90% pay) during the school year or 2) Half salary while you go to school full time (0 hours at work)
For the fellowship program, the amount you must repay upon quiting is reduced linearly over two years -- ie quit after 1 year and you must repay half of what they paid.
brokestudent
Broke Member
posted: Nov. 21, 2005 @ 6:52a
Regions Bank - Tuition reimbursment up to $5000 per year towards a bachelors or graduate degree that could be used at the bank (business, technology-related, etc). Also, this may be useful to those just starting out, but Regions will reimburse for your 'core' classes on a bachleors degree no matter what your major even if it is not related to banking (in the past they did this). The tuition reimbursement is pro-rated for part time employees.
Available in 51 UPS locations across the country, the UPS Earn and Learn program offers $3,000 per calendar year with a lifetime maximum of $15,000 in assistance. For part-time management employees, the benefits are increased to $4,000 per calendar year with a lifetime maximum of $20,000.
In addition to tuition assistance, part-time employees are eligible for forgivable student loans of $2,000 per calendar year with an $8,000 lifetime maximum.
Students are eligible for Earn and Learn the day they are hired and benefits are pro-rated accordingly if a student is hired mid-semester.
CSC (Computer Sciences Corp), offers $15K a year in tuition reimbursement.
slimcustomer
Senior Member - 1K
posted: Nov. 21, 2005 @ 8:32a
Leopard's Lounge and other clubs - $1,500 to $2,000 in educational expenses per year to women or men who work three or four seven-hour shifts. link
TheBigDon
Senior Member
posted: Nov. 21, 2005 @ 9:07a
Cox the cable company, did just over $5,000 a year for BA, and may allow for a MBA for full time, part time was prorated, but may no longer be available.
vonNezzy
Wacky Member
posted: Nov. 21, 2005 @ 4:06p
Charter One/Citizens Bank pays $2500 annual for part time, $4000 for full time, $5000 for graduate study. Must be business related or for part of a business-related degree program.
After 2 years, you can receive full reimbursement for law school (4-years part-time). Of course, you have to stay about another 2 years afterwards to reap the full benefits.
awesome thread!!! I wish there was something like this earlier!!! I turned down an offer from Citi, didn't want to go to interview at Lockheed, and now I am about to pay up $150K for MBA out of pocket!
I guess I have to look hard at Boeing and Raythone in the next couple month.
What a crappy way to look for an employer. Why go after 3-4K Tution reimbursement when you can find a job somewhere else f0r 7-8K more without restricting your search to this list. Why waste Finance forum for this kind of useless topics.
fatcool said: What a crappy way to look for an employer. Why go after 3-4K Tution reimbursement when you can find a job somewhere else f0r 7-8K more without restricting your search to this list. Why waste Finance forum for this kind of useless topics.
Very true, with this thread, I wouldn't even bother with the ones who only offer a few K per year since I am staring $45K/year tuition. Never even heard ones who would pay half salary for full time program Like Raytheon. Now there's a chance I might get my Ivy league MBA without mounting a huge debt.
me3head
Thrifty Member
posted: Nov. 21, 2005 @ 10:36p
John Deere:
This policy applies to interns/co-ops too:
Have to pay back if you quit within 3 years though.
Eligibility begins on your first day of employment. Courses must have a direct relationship to improving skills for a current or potential future job within John Deere. Each employee pursuing a degree must sign a repayment agreement. We cover the cost of technology, library and laboratory fees associated with course attendance, subject to the calendar year maximums called out below
Undergraduate Degrees
Reimbursement for tuition and fees for credit and non-credit courses is 100 percent, subject to annual caps:
* $7,500 for full-time employees * $3,000 for part-time employees
Employees can enroll in a maximum of three concurrent courses during any one timeframe, regardless of the number of credit hours.
Graduate Degrees and other Graduate-level Courses Reimbursement for tuition and fees for credit and non-credit courses is 100 percent, subject to annual caps:
* $15,000 for full-time employees * $ 5,000 for part-time employees
Employees can enroll in a maximum of three concurrent courses during any one timeframe, regardless of the number of credit hours.
bhupeshm
Thrifty Member
posted: Nov. 21, 2005 @ 10:47p
just a few that I know of:
Johnson & Johnson - 100% tuition reimbursement Merck - 100% graduate studies reimbursement, once authorized for job related duties GlazoSmithKline - 100% graduate studies reimbursement, once authorized for job related duties Wyeth Pharmaceuticals - 90% up to $7,500 per calendar year Genentech - 90% up to $10,000 per calendar year
Experian - $6000 per year, approval needed (Tuition only, no books)
brokestudent
Broke Member
posted: Nov. 22, 2005 @ 11:31a
fatcool said: What a crappy way to look for an employer. Why go after 3-4K Tution reimbursement when you can find a job somewhere else f0r 7-8K more without restricting your search to this list. Why waste Finance forum for this kind of useless topics.
Maybe this is useless to you but there is a large segment of the population who can not just get a job that pays $7-8k more. I have a solid job and BS, so what an employer would pay for my graduate degree was not the one determining factor in choosing a job - but think about the people out there who are not skilled in an area and don't have experience...jobs like bank tellers are easy to come by and I think some of these companies are a great option for people who are just graduating from high school but don't know how they are going to pay for college. I think for them evaluating their career plans and these companies tuition benefits could amount to a great financial benefit for them.
Also, this is not employer specific, but most colleges and univerisities provide some sort of tuition benefit even for jobs like custodial, food service, etc.
brokestudent said: Also, this is not employer specific, but most colleges and univerisities provide some sort of tuition benefit even for jobs like custodial, food service, etc.
Yup. I work for a private college. They will pay for up to 2 classes (6 credits) a semester and 1 each summer session. I only pay fees ($25 a semester) and books. One nice thing is that you submit a form as payment, as opposed to many companies where you pay out of pocket and then get reimbursed.
They also cover undergrad tuititon for kids if you've worked there for 5 years, and we have a tuition exchange program where your child can go to another school for free.
Food service workers at our school would not be covered, though, as they aren't college employees - we subcontract through Sudexho.
MadAnthony said: Food service workers at our school would not be covered, though, as they aren't college employees - we subcontract through Sudexho.
same idea here at cmu (100% for 2 classes/semester @ cmu, or 50% reimbursement elsewhere).
janitorial staff is outsourced -- it's not my favorite policy in the world.
Gingergirl
Senior Member
posted: Nov. 22, 2005 @ 7:11p
Don't forget the government. I work for a state and they pay for two classes (any major, graduate/undergraduate) each semester.
goortex
Member
posted: Nov. 23, 2005 @ 10:51a
Work for parents if they have a small business. The business can set up Tuition Reimbursement as a fringe benefit to "ALL EMPLOYEES". The business can deduct up to $5250/year/employee from its income and not having to pay tax on it. The reimbursement dollars is not reported as income on the employee W2. Above the $5250 limit (it may be higher for next year, don't know for sure), then the employee will start to pay income tax on it (but probably at a lower rate than the business' tax rate). More info on IRS.gov...
absolut812003
Cranky Member
posted: Nov. 23, 2005 @ 11:31a
Forrest Pharmaceutical
100% and books reimbursed
need approval for course to be pursued
and need to stay 2 years after completion of course
TannerP
Addicted Member
posted: Nov. 23, 2005 @ 11:48a
Does anyone have any experience with Citigroup's program? What are the terms? Do they support executive mba programs, etc.
locass316
Member
posted: Nov. 23, 2005 @ 2:10p
Im at bof a as a part time teller and the reimbursement is great. my friends work at wells fargo and they have it as well.
jowaju
Senior Member - 1K
posted: Dec. 17, 2005 @ 5:41p
Cingular Wireless has the following: "Tuition Reimbursement Program—Eligible expenses reimbursed for approved degreed and work-related courses up to $5,250 annually. Eligibility begins one year after your start date."
DoD acquisition jobs require continuous learning. there is no cap on the amount they will spend, and no commitment attached to receiving their money either. For example, NAVAIR, SPAWAR, etc. Folks at my program office have gotten degrees from good schools, primarily around DC, and they pay for everything including the books.
Gingergirl said: Don't forget the government. I work for a state and they pay for two classes (any major, graduate/undergraduate) each semester.
You should also look at the National Guard. In addition to the Federal benefits list below, some states have additonal benefits (for example, Colorado pays up to 75% of tuition). These state benefits are IN ADDITION TO (AKA DOUBLE DIP) the federal benefits listed below:
Army National Guard (ARNG) The ARNG Federal Tuition Assistance (FTA) Program provides financial assistance to part-time ARNG soldiers in support of their professional and personal self-development goals. A masters degree may be supported provided funding is available. Their vision is to provide quality programs, services and support that will enable soldiers to achieve their education objectives and further enhance the strength and relevance of the Army National Guard. Members of the Army National Guard may qualify for one or more of the following TA programs
Federal Tuition Assistance (Part time Citizen Soldiers): For FY05 the ARNG maximum amount paid for federal tuition assistance (FTA) for Part Time Soldiers is:
100% Tuition up to $250 @ Semester Credit Hour, or $167 @ Quarter Credit Hour
Fees up to $500
Not to exceed $4500 @ Fiscal Year
High School or equivalency level may be funded at 100% of tuition and fees, but are still limited to the $4,500 annual cap.
May be used with the MGIB-Selected Reserve (SR) or MGIB-Active Duty (AD) for the same course based on the following;
MGIB-SR participants must be enrolled at least ˝ time or more to combine benefits
MGIB-AD participants who are drawing GI Bill-Kicker (Army College Fund, etc.) benefits are NOT eligible for ARNG FTA
ARNG recommends that schools apply FTA prior to Pell Grants, to allow for maximizing benefit for student financial needs Note: ARNG FTA operates on a limited budget and is NOT a guaranteed benefit. It is offered on a ‘first come, first served’ basis.
FedEx Express pays $3000 per year, I believe that includes books. Classes must be relavent to your career path at FedEx (not hard to do unless you're a history/philosphy/rec ed/etc. major).
locass316 said: Im at bof a as a part time teller and the reimbursement is great. my friends work at wells fargo and they have it as well. I tried to find this info on their website its not listed. Can you point me into the right direction? Thanks!
didYOUsearch
Cranky Member
posted: Dec. 18, 2005 @ 11:41a
companies dont post all their benefit details on public websites, ask HR
Verizon Wireless: Up to $8,000/year for full time and $4,000/year for part time employees. Benefit available on employment start date. Tuition paid upon proof of passing grade, even covers books and other expenses. Offers prepaid tuition for certain schools.
sooprnova said: Verizon Wireless: Up to $8,000/year for full time and $4,000/year for part time employees. Benefit available on employment start date. Tuition paid upon proof of passing grade, even covers books and other expenses. Offers prepaid tuition for certain schools.
Does this info apply to Verizon as a whole or just Verizon Wireless?
econberkeley
Member
posted: Feb. 16, 2006 @ 9:51a
Chevron
75% reimbursed, no limit benefits start the first work day you can leave the company after completing your studies and do not have to pay anything back to the company. No vesting period.
DreamR2I
Senior Member
posted: Feb. 16, 2006 @ 2:45p
Ericsson Inc. -- Tution reimbursement upto $5,250 per calender year...
Skipping 34 Messages...
Joe1690
Senior Member
posted: Jan. 14, 2007 @ 1:30a
On my recent interview with Citibank for a full time position I was told tuition reimbursement was available after working at the company for 1 year and that is was up to $6,000. I don't know if they require you to make a commitment to the company if you utilize the tuition reimbursement program but it still is not a bad offer. Also, in the Pennsylvania area Citibank does not offer part time teller positions although this may not be the case in other regions.
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