Typically, employees pay for their tuition and related fees themselves.
After successfully completing the course or program with a passing grade (often with a minimum grade requirement), employees submit documentation to their employer and are reimbursed for eligible expenses.
Some organizations may reimburse a percentage of the tuition, while others may offer full reimbursement. Some may offer advance funds for coursework and books.
There's a federal limit (currently $5,250 per year) on the amount that can be reimbursed tax-free.
Attracting and Retaining Talent
Tuition reimbursement programs can be a valuable recruitment and retention tool for organizations.
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