Do you want free money towards your online college degree?
Demonstrate your ambition to your boss by informing them of your decision to pursue a degree online, and they just might offer to front part of your tuition. How could your employer benefit from helping to further your education? Many employers know that in this age of ever expanding technology and business standards, it helps them to have employees that are on top of the latest trends in their field. They may even be more enthusiastic about paying for an online college degree because you will not have to miss any work in order to attend class.
Education is the key to job success. As each career becomes more complex with the advancement of technology, employers require a more skilled workforce. Many employers understand that earning an online college degree will not only benefit you, but it will also push their business by decreasing turnover rate and increasing productivity. In fact, many employers now require a masters of business administration (MBA). There are over 60 online MBA degree programs can be earned in two years or less.
Your employer may disperse your tuition in one of three ways:
- Pay your tuition up front.
- Reimburse after earning your online degree.
- Reimburse as you report your GPA average.
Getting money towards your tuition from your company will probably be more complex than simply asking your boss, however the outcome is well-worth going through the process. Though there is no sure proof way to get your employer to pay for your online education, there are certain steps you can take to ensure you get the best possible tuition assistance package.
1. Find out if your employer already offers a tuition assistance program. About one-third of all corporations and thousands of other companies offer a tuition reimbursement program. These programs are usually run by the human resources department and will have their own strict guidelines you must follow. For example, you may be required to pledge a specific amount of time that you will remain at your current place of employment.
2. Have a plan. Make a list of reasons why returning to school will benefit your employer. A well-thought out list that includes a concrete plan of how your online degree will increase your productivity and provide you with skills applicable to your job, it will both show them that you are serious about continuing education as well as explain why it is important for them that you earn a particular online certificate or degree.
3. Anticipate problems. It may take a little coaxing to convince your employer that your education is worth their money. In addition to making your list, anticipate any concerns that may arise from your employer, such as cost. They may not be aware that many states offer companies tax credits of up to $5,000 for assisting with tuition.
4. Sign a contract. If your employer already offers tuition assistance, they will probably already have a standard contract for you to sign. However, if you are not presented with one, you should create one that details specific amounts of funding, course requirements, minimum GPA allowed, and other relevant information.
5. Find a college with a cheap tuition plan. Show your boss that you’ve done your research and found the lowest possible price for the best education. This is easier to do with online colleges, as they are generally cheaper than traditional schools.
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