Tuition Reimbursement
Tuition reimbursement is one of the most valuable benefits a company can offer. Tuition reimbursement gives employees the ability to obtain, maintain, and improve their professional capabilities through participation in courses related to ones career at accredited colleges and universities. It also provides companies who offer tuition reimbursement an advantage when recruiting new employees.
My PositionI believe that every mid-to large sized company should offer some kind of tuition reimbursement or educational assistance. However, certain guidelines and restrictions should be fully understood before taking advantage of the opportunity. Companies often have certain criteria and qualifications that employees must meet before receiving assistance. WD Communications LLC states:"Often, tuition may only cover courses in the core curriculum, and only in certain majors. If a student wants to take courses outside of the curriculum, he may need to provide proof the classes were required for the major. Additionally, if an employee discontinues the class, he may have to immediately repay the money to the employer while waiting for a refund from the university, if they are to receive a refund at all. Employers also differ in that some only provide benefits for graduate-level study. Be certain the benefits offered will cover all courses leading to the desired degree, and not courses leading to a certificate. Such courses often will not transfer into a four-year program, as they are specialized or skill-based and do not satisfy the broader academic requirements. The employees' grades may also be important. Companies might require that the student maintain a certain grade point average to continue receiving the program benefits. The GPA could have an impact on the amount of tuition the employer will reimburse; for example, a company will pay 100% of tuition for a 4.0 GPA, but a reduced percentage for a lower grade point average. Students may also need to make the initial payment
My PositionI believe that every mid-to large sized company should offer some kind of tuition reimbursement or educational assistance. However, certain guidelines and restrictions should be fully understood before taking advantage of the opportunity. Companies often have certain criteria and qualifications that employees must meet before receiving assistance. WD Communications LLC states:"Often, tuition may only cover courses in the core curriculum, and only in certain majors. If a student wants to take courses outside of the curriculum, he may need to provide proof the classes were required for the major. Additionally, if an employee discontinues the class, he may have to immediately repay the money to the employer while waiting for a refund from the university, if they are to receive a refund at all. Employers also differ in that some only provide benefits for graduate-level study. Be certain the benefits offered will cover all courses leading to the desired degree, and not courses leading to a certificate. Such courses often will not transfer into a four-year program, as they are specialized or skill-based and do not satisfy the broader academic requirements. The employees' grades may also be important. Companies might require that the student maintain a certain grade point average to continue receiving the program benefits. The GPA could have an impact on the amount of tuition the employer will reimburse; for example, a company will pay 100% of tuition for a 4.0 GPA, but a reduced percentage for a lower grade point average. Students may also need to make the initial payment