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
Greetings, I know only the list at Grantham University @ http://www.grantham.edu/comp.htm . And all Branches of Military Services. Semper Fi (Do or Die?) Tekman
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.
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.
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.
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.
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.
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.
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.