Organizations offer tuition benefits as a way to invest in their employees. Tuition benefits can provide you with equitable learning opportunities, optimize costs for corporate learning, and the opportunity to gain new skills. Continual learning can be beneficial to stay ahead of potential changes in your field and open opportunities for career growth.

Tuition benefits vary from organization to organization, but the most common are tuition reimbursement or tuition assistance. 

Tuition reimbursement is a benefit provided by employers after you have provided proof of successful completion of coursework. You would pay for your coursework upfront and then submit the cost to your employer for reimbursement. 

Tuition assistance is a benefit provided by employers where your employer pays DeVry University directly on your behalf.

The amount of tuition benefits offered by organizations varies, but some may offer at least $5,250 per employee per year.* It is important to check with your organization to determine the amount available to you.

According to the Internal Revenue Service, “if you receive educational assistance benefits from your employer under an educational assistance program, you can exclude up to $5,250 of those benefits each year. This means your employer shouldn’t include those benefits with your wages, tips, and other compensation shown in box 1 of your Form W-2. This also means that you don’t have to include the benefits on your income tax return.”*

Direct billing is a practice in which an organization pays DeVry University directly instead of reimbursing an employee. This can help streamline the process of tuition payment and avoid situations where an employee would have to pay tuition upfront. 

While tuition benefits vary depending on your organization, the policy might require that you maintain a certain grade or GPA.

All organizations are different, some will cover some or all levels of academic programming, such as certificates, associates, bachelors and masters. Some organizations require that your field of study or coursework be relevant to your job. Coverage will vary and depend on your employer’s policies.

Retention requirements vary depending on the organization, but generally, some policies will require that you remain with the organization for a certain period of time after completing a program.

Organizations can require that employees maintain a satisfactory job performance in order to qualify for tuition benefits.