September 3, 2010, Newsletter Issue #186: Tuition Reimbursement

Tip of the Week

Tuition reimbursement sounds like music to the ears. Those two words can bring a smile to the face of anyone who paid their way through college. The company you worked part-time for while in school might even do this.

Many employers will reimburse the tuition of employees if they pursue degrees in specific fields and maintain good grades. This is different from student loan forgiveness, which is dependent on the student working in a public service capacity in low-income areas for a certain amount of time.

With this type of program, your employer pays your tuition or a portion of it each semester as you maintain good grades. This is a great solution for anyone struggling to pay for school. Ask your boss if your company has a reimbursement program. You’d be surprised how many employers are offering alternatives like this now.

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