May 19, 2020
How to pay for school is a
topic that quickly rises to the top for professionals considering a degree
Whether you’re currently employed and looking to further your career, or you’re jumpstarting your career, it is smart to understand if and how your current or prospective employer will pitch in on the cost of earning an advanced degree.
Termed corporate tuition assistance (TA) or reimbursement (TR), more than 90% of U.S. employers offer some sort of educational assistance according to a Burning Glass Technologies report in 2019. So it’s possible yours is one of them – it’s also likely that not many of your colleagues take them up on this fantastic benefit, given that nearly half of consumers are reportedly not comfortable asking about it. Be bold and ask, since it’s a benefit that can make a big difference in your personal cost of education.
Before hitting up your benefits representative with questions, though, arm yourself with a few of the basics since this is a benefit that varies greatly from employer to employer. For instance, some employers only provide tuition assistance after a certain amount of time on the job (typically 12 months or more), or only cover courses directly related to your at work. Other companies may cover any class you take, whether it’s related to your current position or not, or cover certification classes that are offered by professional institutes rather than colleges.
Whatever the case might be, have the discussion. Here are five key topics to ask about when sitting down with your benefits or HR manager …
To enjoy the career you want, education is unquestionably a difference-maker. Your employer benefits, too, with the new knowledge and skills you can bring to your role.
So, seek to understand the options available to lower your costs for higher education. Ask your employer about tuition assistance. When you’re ready, Peru State College Online is here for you, with quality online programs at a low tuition rate that typically is well-received by companies offering financial assistance.
Sources: Burning Glass Technologies Report 2019, International Foundation of Employee Benefit Plans Survey (2019)
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