Should You Take Advantage of Employer Tuition Reimbursement?

School's over for the summer, but now is a great time to start thinking about the next semester. If your company offers tuition reimbursement, you'll definitely want to consider taking a class or two. How do you decide if you should go back to school?

Do you have time to commit to class?

Just because you can take a free or reduced-cost class doesn't mean you should. Only sign up for an employer-approved class if you have time to attend all class sessions and do all the required work. Likewise, before reducing your work hours to attend school full-time, ask if your benefits like insurance will also be reduced.

Do you want to advance in your chosen career?

When you look at your projected career path, it might require additional training. There's no time like the present to get started down that path.

Does your class relate to your job description?

Most employers prefer to reimburse tuition for a class that relates to your job description. So, if you work as an accountant and want tuition reimbursement, take business or economics classes rather than liberal arts classes.

Can you maintain a high GPA?

Sometimes, tuition reimbursement comes with strings attached. For example, your employee might only pay the full tuition amount if you earn an A average. Earn Bs or Cs, and you'll receive only a portion of the tuition.

Will you stay with the company for a few years?

Because they're investing in you and your education, your company might ask you to return the favor. You might be required to repay the tuition assistance if you leave the company before the time requirements are met, so decide if you can meet that requirement before you sign up for classes.

Going back to school keeps your skills fresh and improves your marketability. Start looking at available classes today as you take advantage of your employer's tuition reimbursement program.

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