Many people spend their after-college years in seemingly endless struggles of paying off their student loan debts, including us. However, there are ways to save thousands of dollars by making our employers to pay off our student loans. The logic is that employers have an interest in making sure employees have the knowledge and skills that will help them succeed at work. By earning a degree in a field related to your job, you can become a better employee.
Additionally, employees are more likely to stick with a company when they are relying on their employer to fund their education. Employers often see less turn-around and more employee loyalty when they provide tuition reimbursement for education. Thousands of companies offer tuition assistance programs. Even if your employer does not have a tuition program in place, you may be able to convince him or her to pay for your schooling if you can present a compelling case.
For example, if you take courses related of your works, you can ask for tuition reimbursement programs for employees, if there is any. However, the company may not be interested to help if there is a possibility that you will not work permanently.
Qualified part-time employees can also have opportunities in getting limited tuition assistance. Generally, these employers offer a smaller amount to help offset the cost of education. For example, Starbucks offers up to $1000 a year in tuition assistance for qualified employees. However, many employers require workers to be with the company for a minimum amount of time before becoming eligible for tuition reimbursement benefits.
Some companies actually have partnership with colleges to provide education and training for their employees. Sometimes this means that trainers come directly to the workplace. It may also mean that employees are permitted to independently enroll in courses from a specific university.
To find out about these programs, you can directly visit the human resource department. If there are no such programs, you might want to discuss with your employers to design a personal program.
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