Lots of news this week about tuition benefit programs and additional financial aid for those who need it. Keep reading to learn more about how getting the right job can help you gain access to higher education.
Chipotle offering to pay tuition for employees
More and more companies are offering tuition reimbursement and loan repayment programs as part of their benefit programs. The additional incentive has the potential to attract top talent. So, it shouldn’t come as a surprise that Chipotle is joining in. Employees that have been at the company for at least 120 days and work 15 hours or more a week will be eligible for their program. The program offers to pay tuition for business and tech degrees at associated universities. Schools currently on the bill include the University of Arizona, Southern New Hampshire University, and Wilmington University, to name a few.
If you’re a future high school grad working to make a little extra money or are an adult looking to continue your education, it’s worth checking out the programs and job opportunities at companies like Chipotle. A part-time job could be what makes it possible for you to reach your goals.
In more companies paying for school news…
A recent student found that 60% of U.S. companies currently offer some kind of financial assistance towards education for their employees. Though it’s been a benefit for some time, it’s grown in popularity since 2008. The reason so many employers are implementing it?
- It’s a benefit that actually gets used.
- There’s serious ROI involved for these companies. Companies like Cigna are finding that they recoup the costs plus more in “Talent management ROI” for 129% return.
- It gives employees a better opportunity for personal growth and advancement in their careers.
- The programs are now easier to become a part of than ever. Many companies have opened them up to part-time employees who typically stick with the company longer thanks to financial assistance.
It’s great to see the positive trends for a benefit that can significantly impact the life and career of so many people. Learn more about the companies and organizations that are offering tuition payments here.
Inmates in Michigan are now eligible for aid opportunities
Lately, Michigan has been working to help inmates gain access to higher education while they’re incarcerated. One of 18 states working towards providing financial assistance to inmates, it recently announced it’ll be expanding the Tuition Incentive Program (TIP) to inmates next year. This is the second program inmates can take advantage of, the first being the Second Chance Pell pilot program, which launched in 2016.
So far, the pilot program is going well, with the first 10 cohorts graduating just last week and expected to be released in the coming months.
The goal of the program is to motivate inmates to complete their education so that they have more opportunities and a better chance of success upon release. You can learn more about the Michigan programs here.