Companies That Offer Tuition Reimbursement

Instructor: Jordan White

Jordan has been a writer, editor and Web researcher for educational publications since 2010. He holds a bachelor's in English from Western Michigan University.

When a company offers its employees tuition reimbursement, that means the company will cover a certain amount of an employee's higher education costs. Read on to learn about companies that offer this benefit to their workers.

What Kinds of Companies Offer Tuition Reimbursement?

Many companies in a variety of industries are willing to offer their employees some sort of tuition reimbursement as part of a benefits package. This includes companies in the automotive, food service, technology, manufacturing, financial, and retail sectors.

One thing to keep in mind, however, is that tuition reimbursement is a benefit that is primarily offered by larger, well-established institutions, rather than smaller businesses or those just starting out. After all, to make a meaningful contribution towards an employee's education, tuition reimbursement could end up costing the company money. Smaller or unestablished companies might not be ready to make this investment.

What Companies Offer Tuition Reimbursement?

Dozens of major corporations offer tuition reimbursement. Let's take a look at a few examples, and the types of benefits they offer.

Study.com

Study.com offers a tuition reimbursement plan for full-time employees who want to pursue higher education related to their work with the company. As of 2016, the amount offered is $5,000 per academic year.

Barnes & Noble

The retail and online book-seller offers tuition assistance to full-time employees working towards a degree that is relevant to their work with the company. They also offer a 'book loan' program, which allows employees to independently study topics of their choosing.

Ford

After an employee has worked for the Ford Motor Company for three months, they are eligible to receive up to $6,000 each year in tuition reimbursement as of 2016. This assistance can be applied in a number of ways, including expenses related to learning assessment, earning a GED, and licensing, as well as courses leading to the completion of any postsecondary program.

McDonald's

This fast-food chain offers tuition assistance to employees interested in pursuing any postsecondary education programs at accredited institutions. It also provides a number of scholarship opportunities to its employees each year.

UPS

Beginning on their first day of employment, employees of UPS are eligible for tuition reimbursement. As of 2016, the company offers an annual reimbursement of $5,250, and sets the maximum reimbursement for an employee's lifetime at $25,000.

Verizon Wireless

Employees of Verizon Wireless can receive up to $8,000 per year in tuition reimbursement as of 2016. This offer is available to all employees who qualify for benefits with the company.

Learning About Tuition Reimbursement

Have questions about how tuition reimbursement works, or how a company's human resource department works to provide employees with these kinds of support programs? Find the answers to your questions with these Study.com resources:

How Does Tuition Reimbursement Work?

How to Get Tuition Reimbursement?

How Does Tuition Reimbursement Work with Financial Aid?

Role of HR in Employee Support Programs

For more on how Study.com can help with your company's tuition reimbursement program, reach out to us at sales@email.study.com.

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