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College and University Discussion
Reply to "Tuition exchange"
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[quote=Anonymous][quote=Anonymous]Thanks for this update ^^ [/quote] This is OP. Thanks for your helpful replies and school suggestions. Apparently I missed a few great schools on the list! I guess we’ll apply and see what happens. DC will apply to my school as well but he really wants to be further away from home. Regarding tax implications, my understanding is that TE benefits are not taxable. Here is a quote from one of TE schools Under Section 117 of the IRC, the University may offer a reduction of tuition charges to employees, their spouses and dependent children. As long as that tuition reduction is for undergraduate education, it will be tax-free and excluded from an employee’s taxable wages. Therefore, Seton Hall will not add to its employees’ taxable wages the financial value of the tuition remission or tuition exchange benefit provided for undergraduate level course work for employees, their spouses and/or dependent children.[/quote]
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