Tuition reimbursement programs are offered by certain employers to help pay for their employees tuition fees. Each program will have its own specific terms the employee has to keep to in regards to their continuing education. Some of the tuition reimbursement programs available are only honored if the employee/student achieves the grades set out in the contract and most of the time employees have to study a subject that is relevant to the employment sector they work within. Here is a list of 10 companies with the best tuition reimbursement programs.
GSAP, or the Graduate School Assistance Program is Deloitte’s tuition reimbursement program. The company’s aim in offering this program is to help their best performing employees to get into the best business schools and enroll on a course that will help develop their business analysis skills. To be eligible for the GSAP employees must have worked within the company for at least two years. The program is divided into about eight elements, from helping employees to complete the application process, to networking with alumni for guidance.
Employees of UPS who are thinking of going to college to further their career within the UPS company may be eligible to join the company’s TAP, which stands for Tuition Assistance Program. UPS handed out $24 million in tuition fees to about 14,000 students in 2010 and have been offering the program since 1999. Individuals may be eligible if they are a; part-time union employee, part-time management employee, or a full-time non-union employee.
JP Morgan Chase
JP Morgan Chase offers a tuition reimbursement program only to their top performing employees . The educational program the employee chooses must be related to the kind of work they do within the company, or a position they hope to be able to fulfil in the future. Their website explains that eligible individuals will be those who will benefit the company through furthering their education.
Some employees of Lockheed Martin may be able to take advantage of their tuition reimbursement program. The company actively promotes its ‘institute for leadership excellence’ institution, which includes classroom training, management strategies and hands-on experience. Please visit their website for more information.
Being one of the most widely known companies in the world, Apple offers tuition assistance to eligible employees of up to $5,000. Other benefits employees may have access to include health insurance and up to a 25% discount on computers.
Eligible employees could be entitled to up to $5,250 for each year they are enrolled on an education program through McAfee’s Educational Assistance Program. Obviously employees will be required to enroll on a course that will help develop their career at the company and be agreed by the company before starting.
With sales of about $25 billion in 2011, Raytheon is one of the largest manufacturers of technology within areas such as homeland security and defense. Eligible applicants for their tuition reimbursement program will be employed on a full-time basis and could get up to $10,000 towards the cost of tuition for an educational program that relates to their job position. Courses will need to be approved before hand.
Starbucks believes that through their tuition reimbursement program they can provide a great work environment. As with all benefits offered by Starbucks, applicants will have to meet certain criteria. Employees wishing to take advantage of their tuition reimbursement program will have to be in continuous employment with the company for at least one year. Eligible applicants could get between $500 and $1,000 to help towards tuition fees.
ADP prides itself of having a comprehensive and professional tuition reimbursement program. In some cases the program will be made available to eligible employees after being employed for just one month.
Full-time employees may be eligible for up to $2,500 per year to help cover tuition fees for education programs that are centered around the employees job position. Successful applicants for their tuition reimbursement program will have to work at least 40 hours per week and should have been working at Home Depot for a year.