College Tuition Benefits
The cost of higher education is not going to decrease over time. It is wise and important to think about these costs. These benefits make it possible for employers to provide employee’s children, grandchildren, nieces, and nephews with a scholarship to offset these types of costs. These scholarships come from a web of private universities and colleges.
What is the cost?
There is no cost to the employer or employee when these types of benefits are provide to employees as part of a new or existing voluntary benefit program.
It’s a win-win for everyone. For employers, this is a no-brainer. Think about it for a second. If it were easy to provide each employee with a scholarship tuition benefit for their children, would you do so if it did not cost the company anything? It would certainly be easier to attract and retain highly productive individuals if you could entice them with this enormous benefit. For employees, it is simply outstanding to be provided this type of benefit from your employer. You certainly want to work for an employer that can include this in their benefits package.
What Colleges take part?
College tuition benefits are honored by some 275+ and growing colleges and universities in the country. Some 30% of the country’s private, four year non-seminary/rabbinical colleges are represented honor these scholarships; 60% of the schools honoring are ranked by U.S. News and World Reports as “America’s Best Colleges”. Changes are, a school that the child is likely interested in honors these benefits.
Interested in these and other employee benefits? Contact Employee Benefits Agency to discuss the options and plans for your needs.