Employers paying private school tuition

[Anonymous]

Anonymous wrote:

Anonymous wrote:Are they international? If not, that’s an amazing benefit!

They are international.

Yes, it is a benefit some foreign nationals get when the free school abroad (DCPS, e.g.) is deemed not as good as the free school back home. Private shcool here is expensive, so the subsidy is needed to attract employees to the posts. When international transplants harp on "how bad" local public shcool are, it's partly because they need this perception to keep the benefit.

[Anonymous]

Anonymous wrote:I've seen this for highly valued faculty/researchers at private universities. If they are recruiting someone in from another school, they may pay private tuition for k-12 (in addition to whatever college benefits they get as faculty.)

This. My husband is a professor and we have seen it as part of a recruiting package (usually not full tuition but will pay something like 40K a year of tuition in major metropolitan cities like NYC or SF where kids will likely have to go private).

[Anonymous]

Anonymous wrote:Only IMF. Has big gold handcuff pension and pays 80% of each if your kids tuition bill once they get in and you decide. Must be non-American.

ONLY if you are from another country than you are assigned to work. Eg, if my spouse worked for IMF, they would not pay for our children to attend private school in the US because we are from the US

[Anonymous]

Anonymous wrote:

Anonymous wrote:Only IMF. Has big gold handcuff pension and pays 80% of each if your kids tuition bill once they get in and you decide. Must be non-American.

ONLY if you are from another country than you are assigned to work. Eg, if my spouse worked for IMF, they would not pay for our children to attend private school in the US because we are from the US

The IMF benefit is 75% of tuition fees but subject to a ceiling of something like $40,000 (?). So IMF will pay 75% of $40,000 and employee pays the remainder. Not all IMF families who are eligible use this benefit as some are happy to have their kids in public schools. Ones who use the benefit do so for a myriad of reasons. Some may want the immersion program for French or Spanish to ensure their children are fluent in their native tongue, especially if they plan to return to their country of origin. Others want their children to complete the IB program as they feel this has a more globally focussed curriculum or because their children will go to university overseas and the IB may be more helpful/required for admissions.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I've seen this for highly valued faculty/researchers at private universities. If they are recruiting someone in from another school, they may pay private tuition for k-12 (in addition to whatever college benefits they get as faculty.)

This. My husband is a professor and we have seen it as part of a recruiting package (usually not full tuition but will pay something like 40K a year of tuition in major metropolitan cities like NYC or SF where kids will likely have to go private).

It's not different that a salary bump (actually less valuable because it's more rigid). He'll still owe income taxes on that amount

[Anonymous]

It’s still a lot of money on lower wages (when compared to private sector. The IDB pays up to 19,000 so tuition of 50 or 55k is still 30k+. IMF is 25k so a little better. As mentioned above, the benefit only applies to foreigners and they don’t pay income taxes

[Anonymous]

I know people that have negotiated this as part of a corp relocation package.

Know several people that have almost every life expense paid by employer, almost their whole salary goes into saving, retirement, fun money.

[Anonymous]

Anonymous wrote:I know people that have negotiated this as part of a corp relocation package.

Know several people that have almost every life expense paid by employer, almost their whole salary goes into saving, retirement, fun money.

Personally, I'd rather 50k in salary than 50k that has to be allocated in a certain way.

[Anonymous]

Wonder if this is partly how WIS attracts so many international families?

[Anonymous]

Anonymous wrote:

Anonymous wrote:I know people that have negotiated this as part of a corp relocation package.

Know several people that have almost every life expense paid by employer, almost their whole salary goes into saving, retirement, fun money.

Personally, I'd rather 50k in salary than 50k that has to be allocated in a certain way.

Everyone would, but it’s much more expensive for an employer. The IMF and IDB only give this money to employees with kids in private schools that still decide to spend a considerable amount of money on education

[Anonymous]

Anonymous wrote:Wonder if this is partly how WIS attracts so many international families?

No, it is not. The school gives no benefits, employers do. WIS attracts foreigners because of the IB program, language immersion and overall environment of the school.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I've seen this for highly valued faculty/researchers at private universities. If they are recruiting someone in from another school, they may pay private tuition for k-12 (in addition to whatever college benefits they get as faculty.)

This. My husband is a professor and we have seen it as part of a recruiting package (usually not full tuition but will pay something like 40K a year of tuition in major metropolitan cities like NYC or SF where kids will likely have to go private).

It's not different that a salary bump (actually less valuable because it's more rigid). He'll still owe income taxes on that amount

It's a way to pay new faculty "more" while still keeping the comp in line with older, less valuable faculty members.

[Anonymous]

IMF has a very generous educational allowance. The student (dependent) can be a US citizen or have any nationality, but the parent (employee) must be an expat and hold a G4 visa. If the parent holds a green card or is a US citizen then the benefit does not apply. If it was not for the benefit, I guess that a good portion of the parents with children in private would switch to public school.

[Anonymous]

My company pays for this for US employees who are relocated to certain overseas offices. It's part of the expat benefits package. It's not available for regular US based employees.

[Anonymous]

Exxon Mobil used to pay for International kids to go to Flint Hill. It was a perk to get the parents over here. Not sure if it still happens.