Companies That Offer Tuition Reimbursement Programs
With the cost of colleges and universities continually rising, exploring alternative methods of financing education has become increasingly important. While scholarships, grants, and work-study programs are valuable options, employer-sponsored tuition assistance and reimbursement programs stand out as a particularly beneficial avenue for funding education.
An increasing number of employers are launching new and upgraded tuition assistance programs to attract and retain employees or to develop the skill sets of their current workforce. Many employers partner with organizations like Guild Education and Bright Horizons EdAssist Solutions to bring their tuition reimbursement programs to life.
Understanding Tuition Reimbursement
Tuition reimbursement, or tuition assistance, is an employee benefit that allows employees to receive partial or full payment for their tuition costs or education-related expenses while working for a company. This employee benefit is meant to help employees advance their education while reducing student debt.
How Tuition Assistance Programs Work
Typically, a company will have a set amount of costs to reimburse employees (students) once the employee has completed the course or year. Because the employer pays after courses have been completed, the employee is responsible for the full tuition coverage at the beginning of each semester.
However, this general process varies from company to company. For instance, some companies will set their reimbursement rates by percentage, others will offer set dollar amounts, and some companies will cover full tuition costs.
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And then, you will run into companies that only offer tuition assistance programs if you attend certain colleges or universities or study certain subjects (e.g., engineering program working for an engineering company). These stipulations all depend on the company, so it is crucial to check the fine print when it comes to employee benefits and their tuition reimbursement program (if they have one).
Try applying for scholarships in conjunction with a reimbursement program to attend class with minimal fees!
Benefits for Employees (Students)
- Student Debt Reduction: Any tuition reimbursement or assistance program reduces the chances of employees becoming negatively affected by student debt. Whether partial or full, tuition reimbursement supports students in the pursuit of higher education without having to take out so much in student loans.
- Career Advancement Opportunities: Working for a company that helps you pay for your tuition can not only show your ambitions, but it can also help your employer invest in your potential as an employee and open doors for advancement in the workplace.
- Increased Earning Potential: After completing your degree with the help of your employer, you have the potential to reach higher salary rates.
- Reduce Financial Stress: Without the pressure and burden of paying back student loans, employees can remain focused on their careers and stress-free.
- Employee Satisfaction: With your company supporting your aspirations, it becomes easier to create a positive work environment where both employer and employee are satisfied.
Benefits for Employers
- Tax Breaks: Depending on the program structure, companies can be eligible for tax deductions related to tuition reimbursement.
- Employee Development: Employers can invest in building more skilled and capable workers in-house.
- Employee Longevity: With assistance programs like this, employees are more likely to remain loyal to the company.
- Employee Engagement: The happier the employee, the more motivated and likely they are to stay engaged in their work.
Tuition reimbursement helps everyone involved. Just be sure to familiarize yourself with your company’s assistance program requirements so you know what you can and cannot expect.
Companies Offering Tuition Reimbursement Programs
Here is a detailed look at companies that offer tuition reimbursement programs, outlining the specifics of each program:
Allstate: Allstate offers tuition-paid and assistance programs that cover the total cost of tuition for select courses, boot camps, and professional certificates. Employees can also receive up to $ 5,250 yearly to cover pre-approved education costs, such as tuition, books, and academic fees.
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Amazon: Through its Career Choice program, Amazon covers tuition for select certificates, associate and bachelor’s programs at partner schools. The program also reimburses books and fees (up to an annual limit) and features career coaching and college advising through Kaplan, a global provider of education programs. In 2012, Amazon launched its Career Choice program that pre-pays part or all tuition for employed students. The program offers career coaching, opportunities for further training, and new certificates. Employees must work at Amazon for 90 days before being eligible to apply for the program.
Apple: Apple offers full-time employees up to $5,250 annually in education expenses, including tuition. Employees may also attend Apple University to learn key financial, software, and business skills. Apple’s tuition assistance program is designed to offer full-time employees tuition and all other costs and expenses reimbursed for up to $5,250 per year. However, they must work at least 20 hours a week or be enrolled in degree programs that apply to their position at Apple.
AT&T: Eligible employees of BP are offered up to 90% in tuition reimbursement for educational and vocational courses at approved institutions. Courses eligible for reimbursement must be approved before they’ve been registered for and students must receive a passing grade. AT&T offers educational cost assistance to both part-time and full-time employees. After 60 days, employees are eligible to receive a maximum of $5,250 annually.
Bank of America: Through its tuition assistance and academic support program, Bank of America offers employees up to $7,500 annually to help cover the cost of eligible job-related courses, degrees or professional certifications. The program also gives you access to a network of schools that offer discounted tuition and waived fees. BOA provides up to $7,500 (up to $5,250 tax-free) annual reimbursement for eligible undergraduate or graduate students at a number of universities, plus free unlimited individual academic advisory services.
Baxter International: Baxter International employees who take undergraduate courses at an accredited institution can receive up to $5,250 in tuition reimbursement per calendar year through the company’s Educational Assistance Program.
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Boeing: Through Boeing’s Learning Together Program (LTP), eligible employees can receive 100% funding for some STEM programs, up to $5,000 a year for individual courses, $7,500 a year for associate degrees, $10,000 a year for certificate programs, $15,000 a year for bachelor degrees, and $25,000 a year for graduate degree programs. The initiative expands the company’s tuition assistance program, which offers employees up to $3,500 or $5,250 annually in tuition reimbursement to cover tuition, books, and school fees at Arizona State University online.
Best Buy: Full-time Best Buy employees will receive an exclusive 10% tuition scholarship for certificates, as well as undergraduate and graduate programs at Arizona State University Online. In addition, eligible Best Buy employees may receive $3,500 per calendar year for any undergraduate degree and $5,250 per calendar year for graduate degree tuition reimbursement.
Capital One: In partnership with Bright Horizons EdAssist Solutions, Capital One offers all full-time and part-time associates up to $5,250 annually in tuition reimbursement. Associates are eligible for tuition discounts at over 200 selected schools and programs. Full-time and part-time employees are eligible for up to $5,250 per year in tuition coverage. Employees can also choose to receive the tuition cost up-front, meaning there's potential to advance academically for little to no out-of-pocket costs for the employee. This assistance is available to cover costs at over 200 selected schools and programs through the Bright Horizons EdAssist Solutions Education Network.
Carvana: Through its Carvana KEYS program, full-time employees can receive up to $5,250 annually in tuition coverage plus an additional 20% tuition scholarship to earn a bachelor’s degree offered online from Arizona State University.
Chevron: Chevron employees can receive up to $5,000 annually toward eligible tuition expenses. Additionally, employees who leave Chevron due to restructuring and are eligible for severance benefits can also receive education reimbursement. Reimbursement covers up to 75% of the cost of tuition, learning platform subscription, and required books and fees as employees transition into their next role. Coursework does not have to be related to their previous work at Chevron.
Chipotle: In partnership with Guild Education, Chipotle employees have access to up to $5,250 of tuition reimbursement annually which can be used for both undergraduate and graduate programs. Some select programs may qualify for 100% tuition reimbursement. Qualified applicants in undergraduate programs also have access to an additional $5,815 in federal grants. Both hourly and salaried employees at Chipotle are eligible for tuition reimbursement. Employees can work toward a college degree, earn a GED, or study English as a second language (ESL), and Chipotle will contribute up to $5,250 annually to help cover costs.
Cigna: Through Cigna’s Educational Development Program (EDP), full-time employees can receive up $5,250 annually in reimbursement for tuition, books, and fees at a regionally accredited college or university. Eligible part-time employees can also receive up to $2,625 per calendar year.
Comcast: Full-time Comcast employees can qualify for tuition assistance for up to $5,750 annually.
CVS Health: Full-time CVS Health employees can receive up to $3,000 per calendar year in tuition reimbursement for any pre-approved, accredited degree program or up to $1,500 for any pre-approved job-related courses. Through the company’s education partnerships, employees can also attend school for no out-of-pocket cost at select universities. Calling all pharmacy techs! The CVS Health PharmD tuition assistance program is available to all CVS Pharmacy interns, which covers a $20,000 per year reimbursement. The new CVS Health/American Association of Colleges of Pharmacy (AACP) Community Pharmacy Health Equity Award will grant $20,000 to 21 need-based student pharmacists.
Deloitte: Through its Graduate School Assistance Program, Deloitte offers full tuition reimbursement to employees seeking graduate degrees. Program participants must be with the company for two full years before applying, and must work for the company for two years after returning from graduate school to receive the reimbursement. Employees can also receive up to $5,250 annually in tuition for a wider selection of bachelor’s degree programs at in-network schools or up to $10,000 in tuition for graduate degree programs. The program is available to employees from their first day of employment.
Disney: Disney Aspire is an educational reimbursement program for eligible Disney employees that covers up to $5,250 for tuition and other college-related fees. Coaching and support is provided throughout the program.
Experian: Experian will reimburse its full-time employees for eligible tuition expenses up to $5,250 per calendar year. Courses eligible for reimbursement must relate to employees’ current or potential career development with the company.
FedEx: Employees at FedEx can take part in their company's tuition reimbursement program. FedEx provides up to $5,250 annually to support employees pursuing a college degree or attending trade, vocational, or technical school.
Fidelity: As of October 2022, Fidelity offers its entry-level employees a fully-funded, debt-free education. can have their full tuition, books, fees, and taxes paid for by the company at select four-year and two-year institutions. Full-time employees can receive tuition assistance for up to 90% of education costs, with a maximum of $10,000 per year. The employee must have worked at least six months at the company and be enrolled in a program related to their position at the company.
Home Depot: At Home Depot, tuition reimbursement is available for employees as soon as they start work. Home Depot employees seeking an associate, bachelor’s, master’s, doctoral, or technical degree can receive reimbursement for up to 50% of educational costs including tuition, books, and registration fees.
Humana: Full-time and part-time associates of Humana can receive up to $5,000 in tuition reimbursement for approved courses related to their role and company objectives.
Intuit: Intuit’s full-time employees working 30 hours a week or more and its part-time employees working 20 to 29 hours a week are eligible for tuition reimbursement under the company’s tuition assistance program. Employees can use their reimbursement of up to $5,250 per calendar year on tuition and fees, books, labs, required software, and registration fees at accredited institutions.
JetBlue: Through its JetBlue Scholars program, employees of JetBlue can have most tuition costs covered for accredited undergraduate degree programs. The program additionally aims to provide educational pathways for crewmembers who have some college credit but no degree. The company’s scholars can take approved online courses with costs covered and attend a partnering university at a discounted rate.
The J.M. Smucker Company (Smucker’s): Through the Smucker’s tuition assistance program, full-time employees who have been with the company for at least one year can receive up to $5,700 per calendar year in tuition reimbursement, for a total of $31,000 in reimbursement over the course of an undergraduate or part-time MBA degree program. Employees enrolling in executive or specialized MBA programs can be reimbursed up to $7,750 per year for a total of $31,000 over the course of their program.
JPMorgan Chase: In partnership with Guild Education, J.P. Morgan Chase offers employees 100% tuition coverage for select associate and bachelor’s degrees; up to $5,250 annually in tuition and fees for other undergraduate programs; and up to $7,500 annually for master’s degrees, bootcamps, select certificates, and certification programs.
Kroger: Through Kroger’s tuition reimbursement program, full-time and part-time employees are eligible to receive up $3,500 annually-or up to $21,000 over the course of their career with the company-in tuition reimbursement funds. The program covers education costs for students pursuing anything from a GED to a PhD.
Lowe’s: In partnership with Guild Education, full-time and part-time associates have access to 100% debt-free academic programs to earn undergraduate certificates or degrees. Lowe’s additionally provides direct payments of up to $2,500 annually in tuition assistance for more than 165 academic programs.
McDonald’s: Eligible McDonald’s employees can have their tuition reimbursed for approved courses at accredited institutions offering two-year and four-year degrees. Some managers can have up to $5,250 reimbursed annually, while other employees can have up to $2,500 reimbursed each year. The Archways to Opportunity at McDonald’s offers aid to eligible employees for course expenses like tuition and related fees that are not covered by scholarships or grants. Employees must be enrolled at an approved college or university, business, technical or vocational school, graduate, or post-graduate school. After 90 days, employees are eligible for $3000 each year if they work 30 hours/week or $2500 each year if they work 15 hours/week.
Papa John’s: In partnership with Purdue University Global, Papa John’s reimburses 100% of any corporate employee’s tuition after working 90 days at a minimum of 20 hours per week. Through its Dough and Degrees initiative, Papa John’s offers its employees 100% free tuition for undergraduate and graduate online degree programs. Eligible corporate team members can enroll in any of Purdue Global’s online degrees. Franchise employees can also receive tuition assistance/reductions through the program.
Paramount: Paramount employees can receive up to $10,000 per calendar year in tuition reimbursement for undergraduate and graduate degrees, certifications, and certificates related to current or future job roles. Employees can additionally utilize the company’s college coaching program which can help them manage existing educational debt and offer assistance to employees’ dependents in navigating college admissions.
PepsiCo: As of March 2022, PepsiCo offers its US-based employees 100% free tuition through its partnership with Guild Education. The debt-free education initiative known as myeducation allows more than 100,000 of the company’s associates to receive assistance to cover tuition, books, and other fees for an array of degrees and certifications. Employees who’ve been with the company for at least six months and are pursuing a graduate degree can receive up to $8,000 annually.
Pizza Hut: All Pizza Hut employees, even hourly ones, can get tuition discounts through Pizza Hut’s Life Unboxed EDU program. The company offers a 45% discount on undergraduate tuition (15% on graduate studies) at Excelsior College. According to the company, to be eligible for reimbursement, employees must be strong performers and intend to be employed for at least 24 months post-completion of their degree program or course. Eligible programs include associate’s, bachelor’s, and master’s degrees, PhD programs, certificates, and individual courses.
Publix: Publix offers up to $4,000 per year on the annual calendar in tuition assistance for employees enrolled in College and university. Publix also up to $2,200 per year on the annual calendar in tuition assistance for employees enrolled in individual course program, occupational/technical program, or undergraduate program while attending a two-year school or community college. Publix employees who have worked for the company for six months and work an average of 10 hours a week or more are eligible for tuition reimbursement for individual courses and technical programs related to the job. Publix will also reimburse costs for select undergraduate programs. Publix offers tuition reimbursement for up to $4,000 annually, with a $16,000 maximum limit at an approved college or university. For occupational/technical programs or undergraduate programs while attending a two-year school or community college, employees can receive up to a maximum of $2,200 annually, a $4,400 maximum limit. Below are some of the undergraduate programs/majors approved in the reimbursement program:
- Business Management
- Economics
- Human Resources
- Marketing/Advertising
- Supply Chain Management
Reimbursement for graduate degrees is also available.
Spectrum: Since launching its Education Benefit program in 2023, Spectrum has offered its full-time employees 100% tuition coverage upfront for more than 300 online degree and certificate programs at 30 universities and learning providers. In addition to free tuition, the cost of books and other fees are free for enrolled employees.
Starbucks: Full-time and part-time employees seeking a bachelor’s degree for the first time are eligible for 100% tuition coverage for online programs at Arizona State University. Starbucks covers full tuition for eligible employees who enroll in their College Achievement Plan. To participate, employees must enroll in an Arizona State University online degree program.
Taco Bell: Taco Bell employees pursuing technical certificates and postsecondary degrees can receive up to $5,250 in tuition reimbursement annually.
Target: Target tuition reimbursement covers up to $5,250 for undergraduate degrees per year.
T-Mobile: After 90 days of employment, all part and full-time T-Mobile employees are eligible for full tuition coverage in one of their partner college online degree offerings.
Ticketmaster: Ticketmaster employees can reportedly receive up to $3,000 in tuition reimbursement for undergraduate programs, up to $5,000 for graduate programs, and up to $500 in reimbursement for non-accredited business-related courses. Ticketmaster additionally offers its employees student loan repayment assistance.
UPS: UPS offers tuition reimbursement up to $5,250 per year to part-time and full-time employees. Through the company’s Earn & Learn program, UPS employees can receive up to $5,250 annually in tuition assistance for a lifetime maximum of $25,000. Employees are eligible when they begin working at UPS.
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