Over 60 percent of employers offer some form of tuition assistance, according to a recent poll conducted on HR.BLR.com and Compensation.BLR.com.
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Download NowThe poll question asked, "What percent of tuition does your organization reimburse?" There were 149 respondents to the poll. Here are the results:
| We don't offer tuition reimbursement |
38% |
| 100% |
18% |
| Percentage depends on grade earned |
17% |
| Less than 50% |
15% |
| 50% to less than 75% |
4% |
| 75% to less than 85% |
4% |
| 85% to less than 100% |
3% |
While 38 percent of respondents said their organization does not offer any form of tuition assistance, 18 percent reported their organization offers 100 percent reimbursement. Another popular way to offer this benefit is to reimburse depending on the grade the employee earns (17%).
Tuition Assistance Policy
Tuition assistance is a popular benefit and can help engage and retain employees. Employers who offer tuition assistance should have a clear policy on the benefit. Common policies include:
- Prior approval by supervisor
- Time of payment
- Verification of course completion
- Performance standards
In addition, tuition assistance may qualify for tax-free status if provided under an Internal Revenue Code Sec. 127 educational assistance program (EAP) or if the education program being paid for is directly work related.