Employers Who Pay for Education

Among the most underrated employee benefits program to support continued education, such as returning to school to earn a higher degree. Savvy firms realize that when employees are encouraged to learn and develop, they are overall more motivated and productive as well as more knowledgeable in their fields. 

Educational benefits can vary from company to company. Some firms have specific criteria, such as the degree must be related to their position or the student must maintain certain grade levels. Often, the student will be required to pay in advance and then reimbursed. However, if you are interested in returning to school without accruing more debt, an employer-based tuition assistance program is worth investigating.

Here are some companies that are recognized as generous in helping their people reach higher when it comes to learning:

• Genentech: This biotech firm covers about to $5000 a year for tuition, books, and fees for part-time employees (20 to 29 hours per week) and $10,000 a year for full-time people (over 30 hours/week). The best part if team members are eligible for starting day one, whereas other companies require one year of employment first.
• Exxon Mobil: Full tuition reimbursement, including books and fees, is just part of the support this oil giant offers to staff. They also help employees returning to school manage their schedules so they have time for studying as well as attending classes.
• Proctor and Gamble: P&G reimburses 80 percent of tuition expenses, however, what sets them apart is their lifetime cap for education is double the average company at $40,000.
• General Mills: In addition to tuition reimbursement for covered courses, General Mills also offers loans for employees and their family members for anything not covered. Plus, team members who have been with the company over a year can take unpaid time to complete a degree.
• Publix: Even part-timers are eligible for educational benefits for both university as well as technical programs based on whether they align with the employee’s career track with the southern grocery chain.

These are just a few examples of companies who support their employee’s educational needs and goals. Ask your HR representative if your firm offers assistance for team members returning to school and what criteria are involved. It’s a great way to earn a degree for next to nothing and get paid at the same time.