Tuition Reimbursement Programs
- 0Jul 1, '13 by ava0421Can someone explain to me how tuition reimbursement programs work? I am currently working on my ASN at a local community college. I would like to continue on to get my BSN in another state, but will need financial assistance. I am curious how the reimbursement programs work. Do I have to find a job at a hospital that offers reimbursement before I apply to a college to get my BSN? Would I have to work while I'm going to school?
Has anyone been through one of these programs and have advice what to look for or what to watch out for?
My sister is a Lab Tech and went through one of these programs. However, the more advice and input, the better.
- 1Jul 1, '13 by HouTx GuideOrganizations can make their own rules for tuition reimbursement. This is probably an employee benefit that you should explore before you accept a job.
But, in general, here are some of the most common characteristics:
* you must be employed for a specific length of time to become eligible for tuition reimbursement
* funds are usually very limited - amounts are frequently <$2000 per calendar year & for tuition only, not associated school fees
* some companies reimburse only AFTER you have completed (passed) the course
* companies that pay in advance will usually pay directly to the school, not to the employee
* tuition reimbursement is a taxable benefit
* some companies limit tuition reimbursement to 'for credit' courses only, not continuing education
* amount of reimbursement is pro-rated, based upon the hours you work; e.g., full time = 100%, 1/2 time = 50%, etc.
* you 'may' have to file a 'degree plan' with HR to become eligible - some companies may require the education to be related to your current job
* you may have to provide a copy of your final grade at the end of each semester to continue receiving tuition reimbursement
- 1Jul 3, '13 by Marshall1Also, many hospitals are no longer offered this benefit or if they do there are a lot of stipulations. The feds (VA) offer assistance but it's after a yr of employment then you owe them so many years for however much they give you toward school. Best thing would be to take things one at a time..concentrated on finishing what you are doing now then when looking for a job look at places that offer this benefit.
- 0Jul 3, '13 by MiGabA university in my area offers students an option to put $30 dollars down for a course. You then have until the semester ends to have your employer reimburse form the course or you have to pay. They also have an agreement with hospitals and community colleges to reduce tuition by 25%.