Employer-based tuition reimbursement - mostly useless?
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Anonymous
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It seems that a family's EFC does not change if they have employer sponsored tuition benefit. Colleges will simply reduce the amount of financial aid/institutional grants by the amount of the benefit.
Am I missing something? |
Anonymous
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Are you going full-time? I think the benefit is meant for 1 or 2 classes a year.
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Anonymous
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In this case, I'm talking about using the tuition reimbursement for my kid's college tuition. It's about 12k/year and subject to tax after the first 5k.
My understanding is that if a family is eligible for financial aid from a university, the college will deduct any tuition benefits you receive from an employer from the need-based financial aid. So, for instance, if my EFC for college X is 45k/year without the benefit, that really won't change if we use the benefit. |
Anonymous
| Which companies pay the college tuition for their employees’ children? |
Anonymous
| You can often stack it with merit aid from the college your kid attends. |
Anonymous
Columbia pays for half I believe |
Anonymous
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JHU pays for half tuition anywhere. I should know - I got laid off and lost the benefits four months before my kid’s first college payment was due. Result of Trump/Musk’s destruction of USAID.
In general, yes, the college considers the amount your employer will contribute first, then considers how much you can pay for need based aid. It shouldn’t impact merit aid, though. |
Anonymous
| CMU pays half. |