23 Companies That Pay for College With Tuition Reimbursement
- Tuition reimbursement and assistance is a popular perk at many U.S. companies.
- Companies offer full or partial tuition coverage to retain and attract employees.
- Programs and eligibility vary by company with some much stricter than others.
As the cost of attendance at U.S. colleges and universities continues to rise, there's never been a better time to consider alternative methods of paying for your education. Though scholarships, grants, and work study programs are all great options, one of the best ways to get your education paid for is through tuition assistance and reimbursement programs from employers.
An increasing number of employers over the last year have launched new and upgraded tuition assistance programs. Employers may be trying to help their workforce get back to school, as many students were forced to pause their education amid the COVID-19 pandemic.
But that may not be the primary incentive for these employers to offer tuition reimbursement benefits. Companies will often offer tuition assistance to attract and retain employees or to develop the skill set of their current workforce. Additionally, tuition reimbursement of up to $5,250 per employee is tax deductible for employers.
Below is a list of companies that offer full or partial assistance or reimbursement to their U.S. workers.
Amazon recently announced it would cover its hourly workers' full college tuition including the cost of classes, books, and other school fees. Fees are paid upfront with no requirement for reimbursement. Previously, the company covered up to 95% of its workers' college tuition through its career choice program for employees seeking certificates or associate degrees in high-demand occupations.
Apple offers full-time employees up to $5,250 annually in education expenses, including tuition. Employees may also attend Apple University to learn key financial, software, and business skills.
Both management and non-management employees of AT&T are eligible for tuition assistance. The company reports that over 3,800 employees received tuition reimbursement in 2020.
Eligible employees of BP are offered up to 90% in tuition reimbursement for educational and vocational courses at approved institutions. Courses eligible for reimbursement must be approved before they've been registered for and students must receive a passing grade.
Bank of America
Through its tuition assistance and academic support program, Bank of America offers employees up to $7,500 annually in upfront tuition assistance or reimbursements for job-related programs including MBAs.
Full-time employees of Best Buy in undergraduate or graduate programs can receive up to $3,500 or $5,250 annually in tuition reimbursement to cover tuition, books, and school fees.
In partnership with Scholarship America, Chick-fil-A offers its team members tuition discounts and scholarships at over 100 colleges and universities.
In partnership with Guild Education, Chipotle employees have access to up to $5,250 of tuition reimbursement annually which can be used for both undergraduate and graduate programs. Some select programs may qualify for 100% tuition reimbursement. Qualified applicants in undergraduate programs also have access to an additional $5,815 in federal grants.
Employees enrolled in approved degree programs will be offered $5,750 annually for tuition costs, according to employee accounts on Glassdoor.
Through its Graduate School Assistance Program, Deloitte offers full tuition reimbursement to employees seeking graduate degrees. Program participants must be with the company for two full years before applying, and must work for the company for two years after returning from graduate school to receive the reimbursement. Participants will receive a technology stipend and discounts on GMAT preparation courses.
Disney will pay 100% of tuition for qualifying programs at schools within the company's Aspire network for Disney employees.
Fidelity's tuition reimbursement program offers coverage of up to 90% of education costs to eligible employees up to $10,000 a year.
Through its Education Tuition Assistance Plan, Ford offers employees up to $6,000 a year in fees for eligible GED, associate, bachelor's, master's, and doctoral programs related to the employee's job at Ford.
Geico's full-time employees can receive up to $5,250 a year in tuition reimbursement for undergraduate tuition, coursework, books, and other related school fees.
Home Depot employees seeking an associate, bachelor's, master's, doctoral, or technical degree can receive reimbursement for up to 50% of educational costs including tuition, books, and registration fees.
Eligible McDonald's employees can have their tuition reimbursed for approved courses at accredited institutions offering two-year and four-year degrees. Some managers can have up to $5,250 reimbursed annually, while other employees can have up to $2,500 reimbursed each year.
Publix employees who have worked for the company for six months and work an average of 10 hours a week or more are eligible for tuition reimbursement for individual courses and technical programs related to the job. Publix will also reimburse costs for select undergraduate programs.
Full-time and part-time employees seeking a bachelor's degree for the first time are eligible for 100% tuition coverage for online programs at Arizona State University.
Taco Bell employees pursuing technical certificates and postsecondary degrees can receive up to $5,250 in tuition reimbursement annually.
In August, Target launched its debt-free education assistance program, offered to all full-time and part-time employees. Target team members can pursue undergraduate degrees and professional certifications with no out-of-pocket costs from their first day of work at the company.
Through the company's Earn & Learn program, UPS employees can receive up to $5,250 annually in tuition assistance for a lifetime maximum of $25,000. Employees are eligible when they begin working at UPS.
In August, Walmart announced that it would cover 100% of college tuition and books for employees through its Live Better U program.
Full-time and part-time employees of Wells Fargo can receive up to $5,000 in tuition reimbursement per year.
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