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If you’re searching for the money to fund a college education, you might try checking at work. Employers know that an educated workforce is a competitive advantage in business; that’s why they offer tuition reimbursement programs to their employees. When your company offers tuition assistance, it’s a win-win. You get help paying for your degree, and your company attracts and retains qualified employees.
But not all companies’ tuition reimbursements are the same. When examining such a program, you’ll want to review how much of your tuition is covered and if you meet the eligibility requirements.
- What is tuition reimbursement?
- How does company tuition reimbursement work?
- Companies that offer tuition reimbursement
What is tuition reimbursement?
A bachelor’s degree is still the ticket to higher-paying occupations. Occupations with projected job openings and the highest median wages between now and 2029 will require a bachelor’s degree, according to the U.S. Bureau of Labor Statistics.
But with the cost of college topping as much as $37,000 for one year of schooling, even with financial aid, it’s more important than ever to find an affordable way to earn your degree.
When you work for an employer with tuition assistance or tuition reimbursement benefits, you get help paying for your college classes. Employers with tuition reimbursement programs help you earn your diploma by paying part or even all of your tuition costs — as long as you follow a few rules.
How does company tuition reimbursement work?
Typically, when you get tuition reimbursement from your employer, you’ll pay for the college classes out of pocket first. Once you’ve completed the course and earned an acceptable grade, you apply for reimbursement from your employer.
Make sure you talk to HR and read the fine print: the tuition reimbursement program at work probably has several stipulations you’ll need to follow.
Check on the details before you enroll and spend your hard-earned cash on classes.
If you need to take out private student loans for your tuition, visit Credible to compare rates from various lenders in minutes.
The companies in the table below are Credible’s approved partner lenders. Whether you’re the borrower or cosigner, Credible makes it easy to compare rates from multiple private student loan providers without affecting your credit score.
|Lender||Fixed Rates From (APR)||Variable Rates From (APR)|
|4.50%9 - 15.49%9||6.37%9 - 16.70%9|
your credit score. 100% free!
Lowest APRs reflect autopay, loyalty, and interest-only repayment discounts where available | 10Ascent Disclosures | 1Citizens Disclosures | 2,3College Ave Disclosures | 11Custom Choice Disclosures | 6Discover Disclosures | 7EDvestinU Disclosures | 8INvestEd Disclosures | 9Sallie Mae Disclosures
Companies that offer tuition reimbursement
Dozens of well-known companies offer tuition reimbursement as part of their employee benefits package. Consider working for one of the employers below if you’re looking to get financial help for college.
- Andersen Global
- CVS Health
- Fidelity Investments
- Home Depot
- PricewaterhouseCoopers (PwC)
- Republic Bank
Amount offered: Aetna will pay 100% of eligible expenses. $5,000 annually for degree program courses for full-time employees, and up to $2,500 annually for part-time employees.
Requirements: You must be scheduled 40 hours per week for regular full-time, or 20-39 hours per week for part-time.
Amount offered: This online bank offers up to $10,000 in reimbursement, $100 per month in student loan assistance, and $100 per month contribution to a 529 Education Savings Plan.
Requirements: Loan assistance and 529 deposits are capped at a $10,000 lifetime max.
Amount offered: Amazon offers prepaid tuition and books up to an annual cap, with no lifetime limit.
Requirements: Eligibility begins 90 days after starting employment.
Amount offered: Andersen offers tuition reimbursement as well as Student Loan Repayment Assistance up to $12,000.
Requirements: Repayment assistance is available for employees working at least 20 hours per week.
Amount offered: Apple offers tuition reimbursement but does not publicly disclose the amount officially offered.
Requirements: Assistance is for courses that are related to your career at Apple.
Amount offered: AT&T employees can get 100% of eligible tuition expenses reimbursed, up to $5,250 per calendar year.
Requirements: You must be a regular full-time employee. Part-time associates are reimbursed for 50-75% of their expenses, depending on whether they work more or less than 20 hours per week.
Amount offered: Boeing provides direct payment of tuition and eligible expenses, up to $25,000 for graduate programs. There’s no annual limit for eligible science, technology, engineering, and mathematics degrees.
Requirements: You must meet certain hourly work requirements during the period you’re enrolled.
Amount offered: Carvana provides its employees up to $5,250 in tuition reimbursement per year, plus an additional 20% scholarship.
Requirements: The funds must be used toward a degree from Arizona State University. This program is for full-time employees with at least six months of service completed.
Amount offered: Carhartt offers both tuition reimbursement and student loan repayment assistance but doesn’t publish the amounts offered.
Requirements: The courses you take must be for a Carhartt career field.
Amount offered: Chegg provides an unspecified amount of tuition assistance plus up to $5,000 in student loan repayment assistance for its employees.
Requirements: You must be with the company for at least two years to use this program.
Amount offered: Employees at Chipotle may be eligible for reimbursement of 100% of their tuition for select degrees — or $5,250 annually plus up to $5,815 in federal grants.
Requirements: Full tuition reimbursement is only for Chipotle workers pursuing select degrees.
Amount offered: CVS offers up to $3,000 tuition reimbursement for pre-approved degree-based programs or $1,500 for job-related courses.
Requirements: You must have at least one year of service.
Amount offered: Fidelity covers 90% of qualified tuition expenses toward an undergraduate or graduate degree, up to $10,000 annually.
Requirements: You must be a regular employee, scheduled to work at least 30 hours per week, and have at least six months of service.
Amount offered: GEICO offers up to $5,250 of prepaid tuition and fees instead of tuition reimbursement, so you don’t have to pay up front.
Requirements: Prepaid tuition is available for full-time GEICO associates.
Amount offered: Google reimburses up to two-thirds of the cost for job-related learning and one-third of the cost of personal learning for regular employees, and provides up to $5,000 in tuition reimbursement for its provisioned/extended workforce.
Requirements: Reimbursement is available for both regular employees and contingent staff.
Amount offered: Home Depot offers up to $5,000 for salaried employees, $3,000 for full-time hourly employees, and $1,500 for part-time hourly employees.
Requirements: Tuition reimbursement is for approved courses only, and courses must begin after your hire date.
Amount offered: Hulu employees can receive tuition reimbursement of up to $700 per credit plus books.
Requirements: Courses you take must directly relate to your role at the company.
Amount offered: Intel employees receive up to $50,000 in tuition reimbursement, with no annual limit.
Requirements: You must be an eligible Intel employee.
Amount offered: If you work for Optum, you could get up to $5,250 per year in tuition reimbursement.
Requirements: The tuition must be for job-related coursework in accredited programs.
Amount offered: PwC employees can get up to $5,250 per year in tuition reimbursement.
Requirements: You must be an eligible PwC staff member to participate.
Amount offered: This midsize bank offers up to $5,250 per year for tuition for pre-approved courses for its employees.
Requirements: Employees are eligible after six months of full-time employment.
Amount offered: SoFi employees receive up to $5,250 in tuition reimbursement per year, up to a lifetime limit of $25,000.
Requirements: You must be an eligible SoFi employee.
Amount offered: Starbucks offers 100% college tuition coverage for a first-time bachelor’s degree from Arizona State University’s online program.
Requirements: Both full-time and part-time team members are eligible.
Amount offered: Full-time T-Mobile employees can receive up to $5,250 in assistance per year.
Requirements: Eligible employees must have at least 90 days of service to use this benefit.
Amount offered: Eligible employees can receive up to $5,250 of tuition reimbursement per calendar year, with a lifetime cap of $25,000.
Requirements: There are no course restrictions, and eligibility begins the day you’re hired.
It can be tough to find the money to pay for college. If you’re still searching for an employer who offers tuition assistance, student loans are another way to cover your costs until you get your degree. Credible can help you find the right loan to suit your needs.