If you work at a college, your student might want to consider attending there to save money. Many colleges offer employees, and/or students of employees, free full- or part-time tuition as an employee benefit. There may be an application or nominal processing fee involved, but generally the benefit far outweighs the cost. As with tuition reimbursement, there are variances from college to college. Generally, the following guidelines apply:
- You may not be immediately eligible for benefits as a new employee
- Your student may be restricted when choosing class times, and/or may have to wait until after the regular registration period has ended
- Graduate benefits are typically taxable and may have an impact on your taxes withheld at different points in the year
- Tuition benefits may not pay the full tuition rate
- Even though receiving tuition benefits, your student may be eligible for financial aid and should complete the FAFSA on time each year
- Some of a college's most popular programs or professional programs may not be eligible for tuition benefits
- Employment generally does not guarantee acceptance into a program of study at the college
Colleges, in particular, are most likely to offer free tuition to dependents of faculty and staff members. Colleges may also have reciprocity agreements with other colleges, so that your student has a choice of where to attend.
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