Finding companies that offer tuition reimbursement is one of the best methods to pay for your college. With college expenditures on the rise, this has been more vital.
As luck would have it, there are a number of companies that will pay for your college education. As an employee benefit, they provide tuition assistance programs (TAPs) or tuition reimbursement. Why would they provide a working person such a profitable perk? It’s really not that difficult.
Many firms recognize that offering this form of incentive may entice you to work for and remain with the company longer. If someone, maybe a company, offers you $12,000 for college, I’m sure you’d be loyal. Wouldn’t you agree? If you need to work while attending school, seek employment that will help you pay for college.
So, in this article, I’ll show you some of those companies that pay you to go to school. Meanwhile, here’s the table of content for your overview.
What Is Tuition Reimbursement and How Does It Work?
Tuition reimbursement is when a company agrees to pay a certain amount or a portion of an employee’s tuition and other education expenditures for a degree or study program.
Basically, your employer will usually expect you to pay for everything yourself first. However, once you’ve finished the course, semester, or whatever it was, you can submit a form to your employer and be paid in a future paycheck.
Isn’t that fantastic? It most certainly is. However, before you enroll in classes, be sure the course or degree program you chose fulfills the company’s tuition reimbursement standards.
Some employers, for example, may only pay for courses or degree programs that are related to your field of work. Why? Because it results in a win-win situation for both you and the business. You’ll learn new abilities, and the organization will benefit from having a more knowledgeable employee.
Of course, certain companies will assist you in paying for school regardless of what you study. Because these programs are beneficial to employers in a variety of ways.
What role do college reimbursement play in helping students pay for college?
For some students, working while pursuing a college degree is an excellent option. Employers may be prepared to help students offset the costs of post-secondary education if they opt to work while pursuing a degree.
Some firms provide tuition aid, while others reimburse you, and a select little pay for your entire degree or specific courses if you graduate from a specific university or pursue specific programs.
So the ultimate role of college reimbursements from companies is to help you go through without experiencing any financial stress. It helps you focus on your training and make the most of it.
What Are the Advantages of Tuition Reimbursement for the Employer?
Tuition reimbursement programs help both the companies that offer them and the employees in the long term.
Several studies have demonstrated that education assistance and tuition reimbursement programs benefit businesses in the following ways:
- The program helps you recruit bright people who understand the importance of lifelong learning
- It makes for longer retention of talented individuals
- Tuition reimbursement by companies saves time and money that would otherwise be spent on hiring.
- Ensures that their staff continues to advance in their careers by keeping up with industry trends and advances.
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Are there Companies that Pay You to Go to School
Yes! There are multinational companies that pay you to go to college. They sponsor you through school and you in turn continue to work for them.
Amazon is number on the list of companies that pay you to go to school. The organization offers a sponsorship program for its staff.
Amazon’s Career Choice program covers 95 percent of tuition and fees for courses leading to a certificate or diploma in relevant fields of study (up to a yearly maximum). You can study IT, healthcare, transportation, and mechanical trades, for example. Even if your new abilities could prepare you for a position outside of Amazon, your courses would be acceptable.
Anthem, Inc. is a company based in the United States and it is one of the Through Anthem’s Education Assistance Program, full-time and part-time associates can obtain up to $5,000 per year in tuition reimbursement for approved degree programs.
Anthem also has a connection with Western Governors University that provides employees interested in pursuing a master’s degree with a tuition reduction and access to exclusive scholarship possibilities.
Apple’s Education Reimbursement program, which gives up to $5,250 per year for education expenses such as tuition, is designed to help full-time employees enhance their careers.
Apple Reimbursement program, a program aimed at helping staff advance their career is also available to employees. You’d get access to workshops, seminars, and tools on Apple’s workplace culture, personal finance, software skills, and business abilities as an Apple University student.
Papa John’s Pizza
Through their “Dough for Degrees” program, the pizza restaurant, in collaboration with Purdue University, gives 100% tuition reimbursement to corporate employees. The program includes business administration, business studies, and information technology courses at both the undergraduate and graduate levels.
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Through the JetBlue Scholars program, the airline has teamed with Edison State University to provide online courses and mentoring to employees. For crew members with at least 15 hours of prior college credit and two years of employment with JetBlue, the firm will cover the cost of authorized online courses.
The Starbucks College Achievement Plan provides full and part-time employees with 100 percent tuition coverage to attend online courses at Arizona State University and acquire a bachelor’s degree.
Employees pursuing a degree might also benefit from a coaching and tutoring program offered by the organization. Benefits for a family member are available to veterans and active military members who work for the company.
UPS part-time employees are eligible for up to $5,250 in annual tuition assistance, with a lifetime maximum of $25,000. The date of hire determines eligibility. Many full-time UPS employees, including managers and executives, began their careers as part-time or non-manager employees.
Publix is one of the companies that pay you to go to school. The company reimburses the cost of college classes, technical training, and online programs, according to the company’s website. Whether it’s a bachelor’s or master’s degree. All associates are eligible to participate in the program.
Any associate who has worked for at least six months and works an average of ten hours per week is eligible. Associates enrolling in a four-year institution are eligible for up to $3,200 per year, with a lifetime cap of $12,800.
Associates enrolling in undergraduate courses at a two-year community college, technical program, or individual course program are eligible for reimbursement of up to $1,700 each year, with a lifetime limit of $3,400.
Wells Fargo gives a number of scholarships to employees’ children, ranging in value from $1,000 to $3,000 per. They also provide up to $5,000 in tuition reimbursement to its employees on an annual basis.
Deloitte’s Graduate School Assistance Program is available (GSAP). Its goal is to send “high-achieving” consultants to graduate school. After two years of employment at Deloitte following graduation, GSAP members are eligible for full tuition reimbursement.
Deloitte provides graduates the opportunity to return to the firm as Senior Consultants after graduation. After students graduate from graduate school, the program also gives a technology allowance. In addition, the firm negotiates discounts for grad school admission exam preparation sessions.
Home Depot is one of the companies that pay you to go to school. This is basically for people who enjoy doing home improvement work. For qualified full-time associates, the corporation budgets $6,000 per year in tuition support, $3,000 per year for part-time associates, and $2,500 per year for close family members.
In this program, Home Depot chose Bellevue University as a partner. Employees will not be paid until they obtain your educational support, according to the university’s agreement. Participants in the program can also transfer in qualified college credits for free.
Another company on the list of companies that pay you to go to school is Kentucky Fried Chicken.
The REACH Educational Grant Program, sponsored by KFC, assists employees in pursuing any degree at an accredited four-year or two-year college, trade school, or graduate school.
General Managers, Assistant Managers, Shift Supervisors, and Team Members of KFC Restaurants are eligible to apply. Managers are eligible for a $3,000 grant, past REACH Grant recipients are eligible for $2,500, and first-time winners are eligible for $2,000. Each year, employees can reapply for the grant.
Bank of America
Bank of America is a financial institution based in the United. The bank is one of the companies that pay you to go to school.
The Tuition Assistance & Academic Support Program at Bank of America reimburses qualified tuition-related fees for job-related courses and certifications up to $7,500 per year. Furthermore, the program provides free tailored coaching for achieving your career and educational objectives.
Chick-fil-A offers two types of scholarships to qualified restaurant Team Members each year. True Inspiration Scholarships ($25,000) and Leadership Scholarships ($2,500) are the two types of scholarships available.
According to the company’s website, scholarships worth $17 million were awarded to 6,700 Chick-fil-A Team Members in 47 states (including D.C. and Canada) in 2020.
The money can be used at any accredited two or four-year college, university, technical or vocational school. Discounts are also available through the company’s network of schools and universities.
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Another one on the list of companies that pay you to go to school is Chevron.
If you’re qualified for severance pay at Chevron, you can also participate in the SESP Educational Assistance Program. This program provides up to a 75% tuition reimbursement.
It also covers the cost of a learning platform membership, essential books, and course and training expenses (up to $5,000) to help you prepare for new work options as part of your career transition. Furthermore, the coursework does not have to be related to your Chevron job.
These companies are reputable multinationals that offer high-paying jobs. Many of them offer you scholarships while some others offer you grants to enable you go through your studies without financial hurdles.
You can visit the official website of these companies that pay you to go to school to apply where necessary.
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