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For instance, employers who offer student loan repayment assistance can do so tax-free up to the $5,250 limit. Plus, offering these benefits may help recruit, engage and retain employees.
DOD Tuition Assistance is a US Department of Defense (DOD) program that funds higher education programming for US military servicemembers. Currently, DOD TA funds servicemember's college tuition and fees, not to exceed $250 per semester credit hour or $166 per quarter credit hour and not to exceed $4,500 per fiscal year, Oct. 1 through Sept. 30.
That $5,250 is the federal cap on the amount of tax-free money that employers may offer to help defray employees’ qualified costs for their own education, including tuition and fees.
Students should seek part-time jobs with companies that offer tuition reimbursement. Chipotle and McDonald’s offer up to $5,250 a year to eligible part-time workers.
Tuition.io is an American company that enables other companies to provide employer-paid student loan contributions as an employee benefit. The company is headquartered in Santa Monica, California . Tuition.io's customers include Fidelity Investments , [ 1 ] Chegg , [ 2 ] and Staples . [ 3 ]
Guild, formerly known as Guild Education, is a private company headquartered in Denver, Colorado that is employed by Fortune 1000 companies to manage their education assistance benefits. [2] Guild works for corporate employer clients to facilitate direct payment for courses to education provider clients [ 3 ] [ 2 ] and offers marketing services ...
Companies can recruit and retain employees by offering them education assistance and employee tuition discounts. [96] Guild Education is a for-profit company that works with employers such as Walmart and Disney to offer tuition assistance from several colleges, including University of Arizona Global (formerly Ashford University ), Purdue ...
This move is an extension of the school system’s existing aid programs. In 2019, UT Austin students from families with incomes of $65,000 or less were offered free tuition and mandatory fees.