Thereof, what is it called when a company pays for your college?
Tuition reimbursement is money that is not part of your normal salary that some companies set aside to help their employees pay for college. As luck would have it, there are quite a few companies that offer tuition assistance or tuition reimbursement as an employee benefit–even if you're only there a few hours a week.
Beside above, what does it mean when a company offers tuition reimbursement? Tuition reimbursement (also known as tuition assistance) is an employee benefit through which an employer pays for a pre-determined amount of continuing education credits or college coursework to be applied toward a degree.
In this regard, why do companies pay for education?
Tuition assistance programs appear to allow firms to hire better quality, more educated, more productive, employees. Attempting to solve the mystery, Cappelli finds that tuition assistance programs appear to allow firms to hire better quality, more educated, more productive, employees.
Can a company make you pay back tuition reimbursement?
Some tuition reimbursement agreements do not penalize the employee if the company terminates the employee's work contract through no fault of the employee's. If you are laid off, an employer will often not require you to repay training and education costs, since you did not breach the contract.
