In a time when higher education seemed out of reach, students faced financial challenges due to limited employer tuition assistance. However, many companies began to invest in their workforce by offering comprehensive tuition benefits, covering all educational costs. This support transformed the job market, easing financial burdens and creating new opportunities for students. With employer backing, many could advance their careers while pursuing their dreams. Hopeful students should leverage these resources to make college more affordable and take charge of their futures.
What is Tuition Reimbursement?
Tuition reimbursement is a wonderful employee benefit, like healthcare, 401k, and paid time off. It allows a company to support eligible employees by covering a portion of their tuition costs.
Since the reimbursement might not cover all of your higher education expenses, you might also hear it referred to as tuition assistance. It's important to note that this benefit isn't included in your regular salary, but many companies proudly set aside funds to help their employees pursue their college education.
There’s no limit on the amount you can receive as an educational benefit! However, according to the IRS, if the reimbursement exceeds $5,250, you do need to pay taxes on that amount. Your employer must report it as part of your income unless it's below that threshold. Because of this, many employers choose to use $5,250 as a guideline for maximum payouts.
How Does Company Tuition Reimbursement Work?
Each company’s tuition reimbursement programme is unique and often reflects its human resource policies, company size, and industry. Generally, it works by having employees pay upfront for their classes, and then the employer may reimburse them partially or fully after they complete a class or semester.
Smaller companies might only reimburse expenses for college courses related directly to the employee’s current job. For example, if you’re in finance, your company may cover only the credits needed to earn a CFA certification.
On the other hand, larger companies that offer to cover full tuition often provide great options. These programmes could potentially pay for the complete tuition of either an undergraduate degree or a graduate degree, such as an MBA. Since many students balance work and school, online degree programmes might also be eligible.
If a company does agree to pay you upfront, be sure to check for any conditions. For instance, if you don’t pass the course or decide to leave the company, that benefit might convert into a loan you would need to repay.
Companies that Help Pay for College
One of the best ways to cover those college expenses is by finding companies that offer tuition reimbursement. This option is more important than ever, especially with rising college costs. According to the National Center for Education Statistics, the average undergraduate tuition, fees, room, and board for the 2022 to 2023 academic year were $13,800 at public colleges and a whopping $58,600 at private nonprofit colleges!
Fortunately, several companies provide support for your education through tuition assistance programmes (taps) or tuition reimbursement as a valuable employee benefit. You might wonder why employers offer such an attractive perk. It’s actually quite straightforward! Many employers realise that these incentives can encourage you to join their team and stay longer. After all, wouldn’t we all feel a sense of loyalty if someone contributed $12,000 toward our education? Suppose you're juggling work while attending school. In that case, it’s definitely worth exploring jobs that can support your college journey, and our worthy counsellors at CounsellingX can help you navigate your options!
AT&T
At AT&T, they are proud to support their employees' educational growth by offering a generous tuition assistance programme. Both part-time and full-time employees are eligible for this benefit after completing a minimum of six months of service with the company. Each year, employees can receive up to $5,250 to help cover tuition costs for a wide range of college degrees, making it easier to pursue higher education and advance their careers. However, it's important to note that this programme specifically excludes funding for certificate programmes. This initiative reflects the company’s commitment to fostering a culture of continuous learning and personal development within its workforce.
Publix
According to the information available on their official website, the company offers a robust reimbursement programme that covers expenses related to college classes, technical training, and various online educational programmes. This exceptional opportunity is accessible to all associates, whether they are pursuing an undergraduate or graduate degree.
To qualify for this valuable benefit, associates must have completed at least six months of continuous service and work a minimum of 10 hours each week. Those enrolled in a four-year degree programme are eligible to receive up to an impressive $4,000 per academic year, which adds up to a generous lifetime cap of $16,000.
Moreover, associates who are engaged in undergraduate coursework at a two-year community college, enrolled in technical training programmes, or participating in individual courses can be reimbursed up to $2,200 each year, with a maximum lifetime reimbursement limit of $4,400.
This programme represents a fantastic opportunity for associates to further their education and enhance their professional skills, ultimately paving the way for career advancement and personal growth.
Amazon
After completing a full year of continuous employment with Amazon, employees, regardless of their status as part-time or full-time, will be eligible for a remarkable educational benefit. Amazon will cover an impressive 95% of tuition and associated fees up front, allowing employees to pursue their aspirations without financial burden. This initiative focuses on high-demand fields, offering opportunities for advancement in industries that are actively seeking skilled workers. The programme includes a diverse range of educational paths, such as obtaining certificates and associate degrees in critical areas like aircraft mechanics, computer-aided design, medical laboratory technologies, nursing, and various other professions that are essential to the economy. This commitment reflects Amazon's dedication to the growth and development of its workforce, empowering employees to enhance their skills and advance their careers.
Starbucks
If an employee is based in the U.S. and working approximately 20 hours a week at any of the operated stores, there is exciting news for them! They may be eligible for the Starbucks College Achievement Plan, a unique initiative crafted to support their educational aspirations. Launched in June 2014 in collaboration with Arizona State University (ASU), this exceptional programme offers qualified U.S. partners the opportunity to pursue their college degrees with comprehensive tuition coverage.
This benefit encompasses full funding for undergraduate studies through ASU’s extensive catalogue of online degree programmes. Employees can select from a diverse range of disciplines structured to fit their personal interests and career objectives. Whether they are looking to advance their skills in business, education, or the arts, this plan is designed to empower them to reach their full potential while balancing their work commitments. They should not miss out on this chance to invest in their future!
Disney
Disney is excited to provide 100% of tuition covered upfront for our amazing Disney Aspire network schools! This fantastic benefit is available to both full and part-time hourly employees, making it a great opportunity. Disney is thrilled to announce an incredible opportunity for its employees through the Disney Aspire programme, which fully covers 100% of tuition costs upfront for a wide range of accredited schools within the Disney Aspire network. This exceptional benefit is designed to support the educational goals of both full-time and part-time hourly employees, ensuring that everyone has the chance to advance their knowledge and skills without the burden of financial stress.
Through this initiative, employees can pursue various degrees, vocational training, or certifications designed according to their career aspirations, all while maintaining their current roles at Disney. By investing in their workforce’s education, they aim to empower individuals to reach their full potential and achieve their dreams. Whether you're looking to enhance your qualifications, switch career paths, or simply learn something new, Disney Aspire makes it accessible and achievable for all employees in their ever-growing team.
Home Depot
If someone enjoys tackling home improvement projects, they should consider checking out opportunities with Home Depot, a company that supports their college journey! Home Depot offers up to $6,000 in tuition assistance each year for full-time associates, $3,000 for part-time workers, and $2,500 for immediate family members.
Home Depot has partnered with Bellevue University to enhance this programme further. The university is flexible, allowing employees to defer their payments until they receive their education assistance, and they also accept eligible college credits transfer without any fees. How great is that?
Smuckers
Smuckers is thrilled to announce that eligible employees could benefit from a generous tuition reimbursement programme for college courses that have been officially approved by the company. This initiative aims to support employees' professional growth and educational pursuits. In addition, they are proud to offer a fantastic scholarship programme designed specifically for the children of their employees, providing financial assistance to help them achieve their academic dreams. And also a lifetime supply of delicious strawberry jam! (Ok I made up that last part… )
Chipotle
At Chipotle, the company is committed to investing in the future of its team members by offering a comprehensive tuition reimbursement programme designed to support both hourly and salaried employees in their educational endeavours. Whether an employee is pursuing a college degree, working towards earning their GED, or improving their language skills through English as a Second Language (ESL) courses, Chipotle is proud to contribute up to $5,250 each year to alleviate education-related expenses.
Additionally, for those students who choose to enrol in specific degree programmes through esteemed partner institutions, Chipotle takes it a step further by covering 100% of the tuition costs each year. This initiative not only empowers employees to achieve their academic goals but also fosters personal growth and professional development within the community.
Apple
Apple offers numerous exceptional opportunities for full-time employees to advance their education and professional development. Through the Apple Education Reimbursement programme, eligible employees can receive financial support for formal education expenses, covering up to $5,250 annually. This benefit can be applied to a wide range of educational pursuits, including degree programmes, certification courses, and other academic endeavours that contribute to their growth within the company.
Furthermore, Apple University provides a diverse array of classes and training sessions designed to enhance the skill set and foster personal development. These programmes equip employees with practical knowledge and expertise, enabling them to earn valuable certificates in various disciplines. Whether you're looking to refine your leadership abilities, gain technical skills, or explore innovative practices, Apple University is dedicated to supporting the continuous learning journey.
McDonald’s
The fast food chain is thrilled to strengthen its ties within the community through its innovative ‘Archways to Opportunity™’ programme. This comprehensive initiative is thoughtfully designed to support employees working at both company-owned locations and independent franchised restaurants. It offers an incredible range of resources and benefits stuctured to assist McDonald’s crew members and franchisees.
Student-employees have the unique chance to enhance their English language skills, providing them with an invaluable asset for their future careers. Additionally, they can work towards earning a high school diploma, which can even be pursued completely online, ensuring flexibility for those balancing work and education. Furthermore, the programme also supports individuals in their pursuit of higher education, allowing them to aspire toward obtaining a college degree. By investing in the personal and professional development of its workforce, the ‘Archways to Opportunity’ programme exemplifies the fast food chain's commitment to fostering a supportive environment that champions growth and advancement for all its employees.
Target
Target is one of the major companies providing tuition assistance. If one qualifies, they may cover expenses for job-related courses at accredited colleges, technical schools, or universities. Target covers the full cost of tuition for select undergraduate and associate degrees, certificates, and boot camp programmes. For programmes outside the fully covered options but within the Guild network, Target provides up to $5,250 per year for other undergraduate programmes and up to $10,000 per year for master's degrees. Additionally, they offer a GED reimbursement programme and options for student loan refinancing.
Bank of America
Part-time or full-time employees at Bank of America who have completed a minimum of six months of service are eligible to receive up to $5,250 annually. This financial assistance is designed to help cover the costs associated with job-related college courses or degree programmes that align with the employee’s career growth. This remarkable benefit presents a valuable opportunity for individuals to enhance their professional skills and advance their career trajectory within the company. Take advantage of this programme to invest in your education and prepare for future challenges and opportunities in your field!
Walmart
Wal-Mart has partnered with Guild Education to offer its eligible associates a valuable opportunity to enhance their educational qualifications through the innovative education benefit known as Live Better U. For an incredibly low investment of just $1 a day, or even less, eligible associates can not only obtain their high school diploma but also pursue a wide range of college degree programmes.
This initiative empowers employees to expand their knowledge and skills in various fields, making it possible for them to prepare effectively for college entrance exams such as the ACT and SAT. In addition to degree pursuits, associates can also engage in language learning to acquire new communication skills or earn college credits through the College Start programme, which facilitates a smooth transition into higher education. This commitment to education reflects Wal-Mart's dedication to supporting the growth and development of its workforce, ultimately fostering a culture of continuous learning and improvement.
Deloitte
Deloitte offers an innovative Graduate School Assistance Programme (GSAP) aimed at empowering “high-performing” consulting professionals to further their education through graduate studies. This programme is a testament to Deloitte's commitment to professional development and talent retention. Eligible participants who successfully complete two years of employment at Deloitte following their graduation can benefit from comprehensive tuition reimbursement, alleviating the financial burden associated with pursuing advanced degrees.
Upon attaining their graduate degrees, participants have the unique opportunity to rejoin Deloitte as Senior Consultants, where they can leverage their enhanced skills and knowledge to contribute to the firm’s success. Moreover, the GSAP includes a dedicated technology allowance, ensuring that graduates have access to the necessary tools and resources to excel in their studies. Additionally, Deloitte facilitates access to discounted preparatory classes for graduate school entrance examinations, further supporting participants in their academic endeavours. This holistic approach underlines Deloitte's investment in the professional growth of its employees and its focus on cultivating a culture of continuous learning and development.
Chevron
If you are eligible for severance pay at Chevron, you have the opportunity to participate in the SESP (Severance Education Support Programme) Educational Assistance Programme. This programme significantly aids in your career transition by reimbursing up to 75% of your tuition costs for approved educational courses.
In addition to tuition reimbursement, the programme covers various educational expenses, including subscription fees for online learning platforms, mandatory textbooks, and other associated fees, allowing for a maximum reimbursement of up to $5,000 annually. SESP is designed to support a wide range of courses and training programmes that can enhance your skill set and prepare you for new job opportunities, regardless of whether the coursework is directly related to your previous role at Chevron. This flexibility encourages personal and professional development, enabling you to explore diverse fields and interests as you navigate your career transition.
Qualcomm
One of the notable benefits offered by Qualcomm in the United States is its comprehensive tuition assistance programme. This programme is designed to support employees who are eager to further their education and advance their careers. Qualcomm reimburses eligible employees up to $5,250 per calendar year for expenses related to tuition, textbooks, and parking fees associated with courses that contribute toward their ongoing education. This reimbursement encompasses various educational pursuits, including professional certification programmes as well as associate's and bachelor’s degree programmes.
For employees aspiring to pursue graduate-level education, Qualcomm provides even greater financial support, covering up to $10,125 for tuition and related expenses for approved graduate degrees. To take advantage of this valuable benefit, employees must meet specific eligibility criteria: they must be actively employed, work a minimum of 40 hours per week, and secure pre-approval for both the selected courses and the accredited institution offering them. This structured approach ensures that employees can effectively plan their educational pathways while benefiting from Qualcomm’s commitment to their professional development.
Papa John’s
Papa John’s has established a beneficial partnership with Purdue University Global to support the educational aspirations of its corporate employees. Under this initiative, the company fully reimburses employees for their tuition fees after they have been employed for a minimum of 90 days, provided they work at least 20 hours per week. This generous offer includes comprehensive coverage for undergraduate degree programmes, specifically in the fields of business and information technology. By investing in the education of its workforce, Papa John’s aims to foster professional development and enhance career growth opportunities for its employees.
Ford
Ford provides an exceptional educational assistance programme designed specifically for its full-time employees, offering up to $6,000 annually to help cover tuition and associated fees. This generous support enables employees to pursue various educational opportunities, including earning a GED, enrolling in an undergraduate degree programme, or completing an approved certificate programme from an accredited institution. Employees become eligible to participate in this valuable benefit after just 90 days of employment, allowing them to invest in their professional development and expand their skill sets relatively quickly. This initiative reflects Ford's commitment to fostering a culture of continuous learning and growth, empowering employees to achieve their educational and career goals.
JetBlue
JetBlue Scholars is the airline’s college assistance initiative. Students can earn credit for courses completed at other institutions, as well as gain recognition for licenses, certifications, and relevant job experience, including training at JetBlue. Student employees have the opportunity to enrol in approved online courses for college credit, which the company funds. Additionally, the final semester can be completed online at a partner school of JetBlue. Scholarships may be offered to eligible students.
As of 2019, the company aimed to introduce the JetBlue Scholars Master’s Pathways programme, collaborating with select institutions that provide online graduate programmes. This initiative would enable crew members to work towards a master’s degree.
Procter & Gamble
Procter & Gamble offers a valuable benefit to its full-time employees, allowing them to take advantage of an 80% reimbursement on approved college education expenses. This programme is designed to support employees in pursuing courses or degree programmes that are directly relevant to their current job responsibilities or aligned with their future career aspirations within the company. To qualify for this reimbursement, employees must select educational offerings that enhance their skills and knowledge in a way that contributes to Procter & Gamble’s goals and objectives. This investment in employee development underscores the company’s commitment to fostering a culture of continuous learning and professional growth.
Final Thoughts
Companies offering college tuition support strive to minimise employee turnover and enhance motivation through comprehensive benefits packages. High turnover can lead to significant costs associated with recruiting and training, as well as potential declines in productivity.
The rationale behind a Tuition Assistance Programme (TAP) is to encourage employees to remain longer with the organisation that invests in their education. Additionally, such benefits can make a company more attractive to prospective candidates. Furthermore, it ensures that employees keep their skills up-to-date, which can help the company save money by promoting from within.
