Educational Assistance Policy
Employers can meet the challenge of having a well-educated, knowledgeable
workforce by supporting continuing education, either through tuition advances or
reimbursement. These programs also can help employers attract and retain
employees who are interested in advancing their education, skills, and careers.
Most employers that provide educational benefits limit their financial exposure
if the employee drops out of the class or terminates employment by reimbursing
employee costs after the course work is completed instead of paying for them in
advance. Other forms of support include granting educational leaves of absence (see
Leaves of Absence); allowing employees to take courses during work hours;
and funding scholarships, grants, or loans for employee education.
This policy provides information regarding tuition reimbursement, issues the
employer should consider for reimbursement of expenses, information on the tax
aspects of reimbursement under Section 127.
Topics in this policy include:
∑ Support of Workforce Education
∑ Employee Eligibility
∑ Eligible Courses
∑ Authority to Approve
∑ Factors for Consideration
∑ Amount of Assistance
∑ Reimbursement of Expenses
∑ Termination During Enrollment
∑ Repayment Rule
∑ Education Records
∑ Educational Assistance and Federal Regulation
∑ Tax Aspects of Reimbursement
∑ Veterans Benefits
∑ Hours Worked
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A note regarding copyright:
Our policies are intended to help organizations create their own personnel
policies or handbooks for distribution internally. Accordingly, you may use the
Model Policies verbatim or modify them to suit the culture of your organization.
Since the policy is copyrighted, we are making a special exception for this
particular use. However, the policies may not be used to create or update
policies for any organization other than the one buying the policy. In other
words, you canít create policies or handbooks to offer to other organizations,
either for profit or free of charge. This would be considered a direct violation
of our copyright.
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Personnel Policy Service, Inc.
159 St. Matthews Avenue, Suite 5
Louisville, KY 40207