Tuition Reimbursement

Discussion in 'General Distance Learning Discussions' started by tcnixon, Feb 19, 2004.

Loading...
  1. tcnixon

    tcnixon Active Member

    Tangentially related to distance learning, but does anyone know of a list of which companies offer the best tuition reimbursement for academic degrees?

    I know Fortune Magazine has several lists that are close, but I was hoping for specifically that piece of information.

    Thanks!



    Tom Nixon
     
  2. TEKMAN

    TEKMAN Semper Fi!

  3. dclaridge

    dclaridge New Member

    I don't know for sure about all companies, but most that I've been associated with cap out at around 5K per year. I believe that this is the maximum amount before you have tax implications.

    I also have a couple of friends who work in the public sector (big city governments). The city that they work for pays for their entire education up to and including a PhD. The only thing they had to pay for was the income tax on reimbursements above the 5K tax ceiling.
     
  4. Han

    Han New Member

    Marriott
     
  5. Ian Anderson

    Ian Anderson Active Member


    I worked for a major aerospace company that reimbursed up to $10,000 per year on any regionally accredited degree job related or not. Plus a bonus of 50 and 100 company shares were awarded upon degree conferral for UG and PG degrees respectively. As I recall, reimbursement fo PG job related degrees were not subject to income tax.
     
  6. dclaridge

    dclaridge New Member

    I worked for a major aerospace company that reimbursed up to $10,000 per year on any regionally accredited degree job related or not. Plus a bonus of 50 and 100 company shares were awarded upon degree conferral for UG and PG degrees respectively. As I recall, reimbursement fo PG job related degrees were not subject to income tax

    Maybe it's a CA thing or a recent change, but my HR contact here has assured me that there are tax implications for both the individual and the company for anything over 5K. Then again, maybe they just want me to believe that to take the pressure of them.

    As to other companies, I just spoke with a buddy of mine who works for Intel. His department has a contract with University of Phoenix. They pay for the tuition directly so there is no reimbursement involved. Sounds like I work for the wrong Tech company.
     
  7. Ian Anderson

    Ian Anderson Active Member

    I stand corrected. I just looked in IRS publication 17 for tax year 2000 (the one for tax yea 2003 should be available on the IRS web site).
    Any reimbusement over $5,250 must be reported as income on ones W2. My reimbursements were always less than $5K.
    Pub 17 defines the conditions under which employer reimbursements are tax free.
     
  8. Han

    Han New Member

    Must or can???

    I have had reimbursement for the last 5 years (all about 10K a year) and it was reported one year, but not the rest.
     
  9. Ian Anderson

    Ian Anderson Active Member

    IRS Pub 17 (for 2000) says it "should" be reported on the W2
     
  10. David Boyd

    David Boyd New Member

    In some years the MBA program at the University of Southern California has very large enrollment numbers from Boeing and PIMCO.

    I understand both have excellent reimbursement programs.
     
  11. gnomic

    gnomic New Member

    Capital One - who I just accepted a job from, pays 80% for private and 100% of public institution tuitions as long as you make a B or better. You have to work there 6 months before you get this benefit. (BTW, the other benefits are outstanding as well, but the interview process is rigorious.)

    PhD, here I come.
     

Share This Page