An educational benefit is atuition assistance programthat helps employees and their families with higher education costs. It is generally included as a benefit in an employee compensation package and offersreimbursementof tuition costs at enrollment or after the course is completed. Many large companies...
The IRS reasoned that a school offering free or reduced tuition when one of its own employees takes a course at the institution is not the same as an employer’s actually paying cash under a section 127 education-assistance plan. This distinction is important because if, for example, a schoo...
This paper studies the impact of the Economic Growth and Tax Relief Reconciliation Act of 2001 that amended employer-sponsored education assistance (ESEA)
but you can say something like, “Another offer I’m considering includes student loan repayment assistance, which is very appealing to me. Would your company be open to matching or offering
Whereas the student loan repayment is a new tax-free benefit, education assistance has been around for a while. Employers can provide educational assistance to employees for current school-related costs an employee incurs, such as: Tuition Fees Books Supplies Equipment So, what’s the difference...