Students who are looking how to pay for their online degree program can often spend so much time looking into Pell Grants and other types of financial aid that they overlook the best possible option: getting an employer to pay for school.
Although the tight economy has made some companies tighted up on this benefit, it’s still true that many companies are willing to pay for you an employee to return to school and many actually want to. Besides the fact that you may simply become better at your job by learning new skills, there’s also a potential benefit to your employer in that you may tend to stay with the company while it is paying for your education. Tuirion reimbursement is a great tool to create more employee loyalty. And while there are lots of news stories each day about people being laid off, it’s also true that many companies would prefer to hold on to their best workers. Finding a good replacement and training him or her for the job is actually an expensive proposition in many fields. As a result, some companies may actually ask you to sign an agreement stating that you’ll stay in your job for at least a year after completing any school they pay for.
Keys to talking to your boss about tuition reimbursement include:
- Know what you want to study before you ask for any reimbursement. Having a vague idea that you’d like to go back to college is alot less compelling than a clear plan for what you want to learn about.
- Present a clear reason why school will make you a better employee how you can be productive on the job.
- Increasing your professionalism can be an important goal to talk about. Particularly if you work in a job where you face clients directly, your company can often get a benefit from you becoming more polished on knowledgeable about the business in general.
- Make it clear exactly how long it will take you to complete your degree and why you think that schoolwork will not get in the way of your work duties. Going to school online is one clear way that you can make sure your school schedule is designed around your work, and not the opposite.
If your employer is willing to give you tuition reimbursement, it’s likely that you’ll be asked to maintain a certain grade average. Find out what the ground rules are and, perhaps most importantly, ask exactly how you will receive your tuition reimbursement. Some companies deduct it from your paycheck and don’t reimburse you until you complete your studies later on, which is not terribly desirable, while others pay the tuition directly to your school.
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