Turns out that the best way to pay for your college education is to get someone else to foot the bill. I’ve written before about scholarships and grants, plus ways to save for college that help you harness the power of compounded interest to fuel your higher education. But if you’re lucky enough to work for one of these companies, all you’ll need to do is keep your grades up and turn in a reimbursement form at the end of the semester to grab some free money.
Employers that Offer Tuition Reimbursement
- Deloitte: It pays to work for one of the largest public accounting firms on the planet. They offer up to $10,000 a year in tuition reimbursement benefits. Plus, if you’re working there as a certified public accountant once you graduate, you’re likely to have great pay and benefits.
- Lockheed Martin: This defense firm holds major government contracts for designing and manufacturing military and aerospace hardware. They probably need a lot of engineers, computer science grads and other professionals. And they’ll help you out with up to $7,500 a year if you’re working toward a degree.
- Apple: The tech giant will reimburse up to $5,000 a year in school costs for their employees. That’s not a bad way to start out as an Apple Genius and work your way up to take Steve Jobs’ old gig.
- McAffee: The global digital security firm is likely one of those companies that is constantly searching for new talent. The $5,250 in tuition assistance they offer to employees each year is a nice perk, and earning a degree in computer science or information technology could help you move up in the company.
- Raytheon: Here’s another aerospace firm with pretty cushy tuition reimbursement: $10,000 a year!
- ADP: Automatic Data Processing, Inc. is one of the biggest enterprise technology providers in the world. You can start collecting reimbursement for your education starting in month one; that’s not a common benefit.
- BP: Their Internships and Educational Assistance program reimburses up to 90% of your tuition at qualified universities and accredited colleges.
- J.P. Morgan: If you’re earning a job-related degree (presumably in finance or a related field), you can land tuition reimbursement at this, one of the world’s financial giants.
- AETNA: The company has an Employee Tuition Assistance Program and Internships that will help pay your way to a degree.
- Wells Fargo: Not only can employees get tuition reimbursement, but their dependents qualify for many of the company’s scholarships.
Not surprisingly, many top tier companies that are offering this highly sought after perk. These aren’t the only companies doing reimbursement. Thousands of companies see the value of investing in their employees through higher education. Here’s how you can take advantage:
How to Get Tuition Reimbursement
Your company may have some type of tuition reimbursement or assistance; they just don’t tout it very often. If the company doesn’t have a stated tuition reimbursement plan, your boss still might be able to swing it; especially if you’re headed for a degree that will make you really valuable to the company. Promoting from within is often cheaper than headhunting expensive talent from outside the firm.
You can’t slack off simply because you’re going to class on the company dime, though. Keep your grades up or you might not get reimbursed. Also, there may be other requirements or documentation (documented grades, school transcripts, minimum GPA, etc.) that your employer puts on that free money. Just make sure you meet all the requirements on the deadline so you can get that reimbursement check.
Does your employer offer tuition assistance? What are the requirements?