What type of contract is tuition reimbursement?
Tuition assistance, or tuition reimbursement as it is also known, is an employer-provided employee benefit. This process is a win-win for your workplace and for you. In a tuition-assistance program, an employer pays all or part of an employee’s cost to attend college or university classes.
How to request a tuition reimbursement form?
Employees interested in participating in this education assistance program must complete the Request for Employee Tuition Reimbursement Form prior to the commencement of any coursework for which the employee desires to be reimbursed.
What are the benefits of employer tuition reimbursement programs?
Knowing their organizations are invested in their future, employees of companies that offer tuition benefits feel valued and are more likely to remain with the company. An Accenture study found that for every dollar companies spend on an educational reimbursement program, they save $1.29 through reduced employee turnover.
Can a employer enforce the terms of a tuition contract?
But the court decided that the tuition contract did not involve a condition of employment, as the employee paid nothing during the course of his employment, nor was he forced to stay employed. The employer had the right to enforce the terms of the contract only upon the employee’s “unemployment.”
When does a tuition reimbursement agreement expire?
Upon the occurrence of any of the following events (“Repayment Event”): (a) Employment of the Employee at Employer terminates prior to the completion of the Program for any reason whatsoever, including resignation by Employee, or dismissal by Employer with or without cause; or
How does tuition reimbursement work for an employer?
Here’s how it typically works: an employee pays upfront for college, graduate, or continuing education classes, and once the class or semester is complete, the employee pays back a portion of money spent—or the full amount. Why Do Employers Offer Tuition Reimbursement? There are several incentives for companies to offer this perk.
But the court decided that the tuition contract did not involve a condition of employment, as the employee paid nothing during the course of his employment, nor was he forced to stay employed. The employer had the right to enforce the terms of the contract only upon the employee’s “unemployment.”
How does the employer Tuition Assistance Program work?
How Tuition Assistance Works. Many employers who offer a tuition assistance program pay the full cost of the employee’s tuition, lab fees, and books. Others pay a portion of the employee’s educational expenses. When a class is required by an employer, the employer usually pays the complete cost and often includes mileage reimbursement.
Upon the occurrence of any of the following events (“Repayment Event”): (a) Employment of the Employee at Employer terminates prior to the completion of the Program for any reason whatsoever, including resignation by Employee, or dismissal by Employer with or without cause; or