Is tuition reimbursement a good idea if you have to stay with the job
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Is tuition reimbursement a good idea if you have to stay with the job
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Is tuition reimbursement a good idea if you have to stay with the job
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I got my GED. My company will pay for me to go to college but they say you've got to work for them for three years after you graduate or you have to pay it all back. I'm not sure what to do because I don't know if this is good thing. What happens if I get laid off or they close? Do I need to pay them back?
Is this a good thing?
school
edited 8 hours ago
jcmack
11.4k22655
asked 8 hours ago
Tina_SeaTina_Sea
678312
add a comment |
I got my GED. My company will pay for me to go to college but they say you've got to work for them for three years after you graduate or you have to pay it all back. I'm not sure what to do because I don't know if this is good thing. What happens if I get laid off or they close? Do I need to pay them back?
Is this a good thing?
school
edited 8 hours ago
jcmack
11.4k22655
asked 8 hours ago
Tina_SeaTina_Sea
678312
Those sound like questions for your employer. Generally, I would expect your accountability only to be based on your actions, not theirs. But if in doubt, clarify with them that if they chose to end the relationship, do they somehow expect you to hold up your end of a deal they reneged on.
– John Spiegel
8 hours ago
In addition to the great answers below -- make sure you understand what the payback rules are on if you are let go with cause. Generally a no-fault exit will not require payback... but being terminated still might. Be sure you understand what conditions will expect payback, then weigh if you can live with that.
– DragonYen
8 hours ago
Whether you need to repay them if you get laid off (or fired) depends entirely on the agreement you sign. If the company "closes", there'd be no-one to pay back.
– Dukeling
8 hours ago
Can we get a location tag here? This is a totally different question in the US where university could cost you > $100,000 vs a country with cheaper public education..
– Mars
19 mins ago
Depending on the details, one way of thinking of the situation is this: You get to go to university, and then after university, you have a guaranteed job AND that job will give you a $10-40,000 a year bonus for the first 3 years. Sounds pretty amazing to me.
– Mars
15 mins ago
add a comment |
I got my GED. My company will pay for me to go to college but they say you've got to work for them for three years after you graduate or you have to pay it all back. I'm not sure what to do because I don't know if this is good thing. What happens if I get laid off or they close? Do I need to pay them back?
Is this a good thing?
school
edited 8 hours ago
jcmack
11.4k22655
asked 8 hours ago
Tina_SeaTina_Sea
678312
I got my GED. My company will pay for me to go to college but they say you've got to work for them for three years after you graduate or you have to pay it all back. I'm not sure what to do because I don't know if this is good thing. What happens if I get laid off or they close? Do I need to pay them back?
Is this a good thing?
school
school
edited 8 hours ago
jcmack
11.4k22655
asked 8 hours ago
Tina_SeaTina_Sea
678312
edited 8 hours ago
jcmack
11.4k22655
asked 8 hours ago
Tina_SeaTina_Sea
678312
edited 8 hours ago
jcmack
11.4k22655
edited 8 hours ago
jcmack
11.4k22655
edited 8 hours ago
jcmack
11.4k22655
11.4k22655
asked 8 hours ago
Tina_SeaTina_Sea
678312
asked 8 hours ago
Tina_SeaTina_Sea
678312
asked 8 hours ago
Tina_SeaTina_Sea
678312
678312
Those sound like questions for your employer. Generally, I would expect your accountability only to be based on your actions, not theirs. But if in doubt, clarify with them that if they chose to end the relationship, do they somehow expect you to hold up your end of a deal they reneged on.
– John Spiegel
8 hours ago
In addition to the great answers below -- make sure you understand what the payback rules are on if you are let go with cause. Generally a no-fault exit will not require payback... but being terminated still might. Be sure you understand what conditions will expect payback, then weigh if you can live with that.
– DragonYen
8 hours ago
Whether you need to repay them if you get laid off (or fired) depends entirely on the agreement you sign. If the company "closes", there'd be no-one to pay back.
– Dukeling
8 hours ago
Can we get a location tag here? This is a totally different question in the US where university could cost you > $100,000 vs a country with cheaper public education..
– Mars
19 mins ago
Depending on the details, one way of thinking of the situation is this: You get to go to university, and then after university, you have a guaranteed job AND that job will give you a $10-40,000 a year bonus for the first 3 years. Sounds pretty amazing to me.
– Mars
15 mins ago
add a comment |
Those sound like questions for your employer. Generally, I would expect your accountability only to be based on your actions, not theirs. But if in doubt, clarify with them that if they chose to end the relationship, do they somehow expect you to hold up your end of a deal they reneged on.
– John Spiegel
8 hours ago
In addition to the great answers below -- make sure you understand what the payback rules are on if you are let go with cause. Generally a no-fault exit will not require payback... but being terminated still might. Be sure you understand what conditions will expect payback, then weigh if you can live with that.
– DragonYen
8 hours ago
Whether you need to repay them if you get laid off (or fired) depends entirely on the agreement you sign. If the company "closes", there'd be no-one to pay back.
– Dukeling
8 hours ago
Can we get a location tag here? This is a totally different question in the US where university could cost you > $100,000 vs a country with cheaper public education..
– Mars
19 mins ago
Depending on the details, one way of thinking of the situation is this: You get to go to university, and then after university, you have a guaranteed job AND that job will give you a $10-40,000 a year bonus for the first 3 years. Sounds pretty amazing to me.
– Mars
15 mins ago
Those sound like questions for your employer. Generally, I would expect your accountability only to be based on your actions, not theirs. But if in doubt, clarify with them that if they chose to end the relationship, do they somehow expect you to hold up your end of a deal they reneged on.
– John Spiegel
8 hours ago
Those sound like questions for your employer. Generally, I would expect your accountability only to be based on your actions, not theirs. But if in doubt, clarify with them that if they chose to end the relationship, do they somehow expect you to hold up your end of a deal they reneged on.
– John Spiegel
8 hours ago
In addition to the great answers below -- make sure you understand what the payback rules are on if you are let go with cause. Generally a no-fault exit will not require payback... but being terminated still might. Be sure you understand what conditions will expect payback, then weigh if you can live with that.
– DragonYen
8 hours ago
In addition to the great answers below -- make sure you understand what the payback rules are on if you are let go with cause. Generally a no-fault exit will not require payback... but being terminated still might. Be sure you understand what conditions will expect payback, then weigh if you can live with that.
– DragonYen
8 hours ago
Whether you need to repay them if you get laid off (or fired) depends entirely on the agreement you sign. If the company "closes", there'd be no-one to pay back.
– Dukeling
8 hours ago
Whether you need to repay them if you get laid off (or fired) depends entirely on the agreement you sign. If the company "closes", there'd be no-one to pay back.
– Dukeling
8 hours ago
Can we get a location tag here? This is a totally different question in the US where university could cost you > $100,000 vs a country with cheaper public education..
– Mars
19 mins ago
Can we get a location tag here? This is a totally different question in the US where university could cost you > $100,000 vs a country with cheaper public education..
– Mars
19 mins ago
Depending on the details, one way of thinking of the situation is this: You get to go to university, and then after university, you have a guaranteed job AND that job will give you a $10-40,000 a year bonus for the first 3 years. Sounds pretty amazing to me.
– Mars
15 mins ago
Depending on the details, one way of thinking of the situation is this: You get to go to university, and then after university, you have a guaranteed job AND that job will give you a $10-40,000 a year bonus for the first 3 years. Sounds pretty amazing to me.
– Mars
15 mins ago
add a comment |
3 Answers
3
active
oldest
votes
Heck yes! Jump on it if you plan on staying there.
You may want to clarify with them, but typically if they lay you off or close, or whatever, that's on them. They lose the money if it's something you can't help. Most companies when they give tuition reimbursement, it's to ensure that you will stick around, and you won't be voluntarily leaving.
answered 8 hours ago
KeithKeith
7,32351532
Yup this is completely normal to require you to work for the company after you graduate. Only 3 years commitment is great. I would jump on this. As for what happens if you were laid off or fired I would read the fine print and talk to your company in what situations would you be required to pay back the money.
– jcmack
8 hours ago
add a comment |
I'm not sure what to do because I don't know if this is good thing.
What happens if I get laid off or they close? Do I need to pay them
back?
Is this a good thing?
Having someone else pay for your education is a great thing!
Before you decide, you should talk with HR if you still have questions. And you should consider how likely you are to remain employed there for the three years.
Make sure you know what the company will pay for and what they will not. The companies I worked for would pay for tuition, but usually not for books. And in the companies I worked for you needed to attain a minimum grade to receive the tuition reimbursement. Ask HR about the details.
Normally if you are laid off or the company closes you won't have to pay anything back. But once you are no longer employed by the company, they aren't obligated to pay for any new courses going forward.
answered 8 hours ago
Joe StrazzereJoe Strazzere
262k1357691081
add a comment |
I'm not sure what to do because I don't know if this is good thing.
Entirely subjective on your career goals. If you at all see yourself leaving the company within a year or two- it can be a bad decision since you will be stuck with the company for a longer time unless you want to pay back the tuition reimbursement.
If you can reasonable expect to stay at the company for at least until you no longer have to pay them back anything for leaving- then it would be a good thing since you'd have your degree at least partially paid for- depending on how generous their tuition reimbursement benefit is.
Many companies will pay only partial tuition AND require good business justification before you get approved. Make sure you qualify and if you think you'll be at the company relatively long term- it would be a good deal to take in the long run.
answered 8 hours ago
chevybowchevybow
64819
add a comment |
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3 Answers
3
active
oldest
votes
3 Answers
3
active
oldest
votes
active
oldest
votes
active
oldest
votes
Heck yes! Jump on it if you plan on staying there.
You may want to clarify with them, but typically if they lay you off or close, or whatever, that's on them. They lose the money if it's something you can't help. Most companies when they give tuition reimbursement, it's to ensure that you will stick around, and you won't be voluntarily leaving.
answered 8 hours ago
KeithKeith
7,32351532
Yup this is completely normal to require you to work for the company after you graduate. Only 3 years commitment is great. I would jump on this. As for what happens if you were laid off or fired I would read the fine print and talk to your company in what situations would you be required to pay back the money.
– jcmack
8 hours ago
add a comment |
Heck yes! Jump on it if you plan on staying there.
You may want to clarify with them, but typically if they lay you off or close, or whatever, that's on them. They lose the money if it's something you can't help. Most companies when they give tuition reimbursement, it's to ensure that you will stick around, and you won't be voluntarily leaving.
answered 8 hours ago
KeithKeith
7,32351532
Yup this is completely normal to require you to work for the company after you graduate. Only 3 years commitment is great. I would jump on this. As for what happens if you were laid off or fired I would read the fine print and talk to your company in what situations would you be required to pay back the money.
– jcmack
8 hours ago
add a comment |
Heck yes! Jump on it if you plan on staying there.
You may want to clarify with them, but typically if they lay you off or close, or whatever, that's on them. They lose the money if it's something you can't help. Most companies when they give tuition reimbursement, it's to ensure that you will stick around, and you won't be voluntarily leaving.
answered 8 hours ago
KeithKeith
7,32351532
Heck yes! Jump on it if you plan on staying there.
You may want to clarify with them, but typically if they lay you off or close, or whatever, that's on them. They lose the money if it's something you can't help. Most companies when they give tuition reimbursement, it's to ensure that you will stick around, and you won't be voluntarily leaving.
answered 8 hours ago
KeithKeith
7,32351532
answered 8 hours ago
KeithKeith
7,32351532
answered 8 hours ago
KeithKeith
7,32351532
answered 8 hours ago
KeithKeith
7,32351532
7,32351532
Yup this is completely normal to require you to work for the company after you graduate. Only 3 years commitment is great. I would jump on this. As for what happens if you were laid off or fired I would read the fine print and talk to your company in what situations would you be required to pay back the money.
– jcmack
8 hours ago
add a comment |
Yup this is completely normal to require you to work for the company after you graduate. Only 3 years commitment is great. I would jump on this. As for what happens if you were laid off or fired I would read the fine print and talk to your company in what situations would you be required to pay back the money.
– jcmack
8 hours ago
Yup this is completely normal to require you to work for the company after you graduate. Only 3 years commitment is great. I would jump on this. As for what happens if you were laid off or fired I would read the fine print and talk to your company in what situations would you be required to pay back the money.
– jcmack
8 hours ago
Yup this is completely normal to require you to work for the company after you graduate. Only 3 years commitment is great. I would jump on this. As for what happens if you were laid off or fired I would read the fine print and talk to your company in what situations would you be required to pay back the money.
– jcmack
8 hours ago
add a comment |
I'm not sure what to do because I don't know if this is good thing.
What happens if I get laid off or they close? Do I need to pay them
back?
Is this a good thing?
Having someone else pay for your education is a great thing!
Before you decide, you should talk with HR if you still have questions. And you should consider how likely you are to remain employed there for the three years.
Make sure you know what the company will pay for and what they will not. The companies I worked for would pay for tuition, but usually not for books. And in the companies I worked for you needed to attain a minimum grade to receive the tuition reimbursement. Ask HR about the details.
Normally if you are laid off or the company closes you won't have to pay anything back. But once you are no longer employed by the company, they aren't obligated to pay for any new courses going forward.
answered 8 hours ago
Joe StrazzereJoe Strazzere
262k1357691081
add a comment |
I'm not sure what to do because I don't know if this is good thing.
What happens if I get laid off or they close? Do I need to pay them
back?
Is this a good thing?
Having someone else pay for your education is a great thing!
Before you decide, you should talk with HR if you still have questions. And you should consider how likely you are to remain employed there for the three years.
Make sure you know what the company will pay for and what they will not. The companies I worked for would pay for tuition, but usually not for books. And in the companies I worked for you needed to attain a minimum grade to receive the tuition reimbursement. Ask HR about the details.
Normally if you are laid off or the company closes you won't have to pay anything back. But once you are no longer employed by the company, they aren't obligated to pay for any new courses going forward.
answered 8 hours ago
Joe StrazzereJoe Strazzere
262k1357691081
add a comment |
I'm not sure what to do because I don't know if this is good thing.
What happens if I get laid off or they close? Do I need to pay them
back?
Is this a good thing?
Having someone else pay for your education is a great thing!
Before you decide, you should talk with HR if you still have questions. And you should consider how likely you are to remain employed there for the three years.
Make sure you know what the company will pay for and what they will not. The companies I worked for would pay for tuition, but usually not for books. And in the companies I worked for you needed to attain a minimum grade to receive the tuition reimbursement. Ask HR about the details.
Normally if you are laid off or the company closes you won't have to pay anything back. But once you are no longer employed by the company, they aren't obligated to pay for any new courses going forward.
answered 8 hours ago
Joe StrazzereJoe Strazzere
262k1357691081
I'm not sure what to do because I don't know if this is good thing.
What happens if I get laid off or they close? Do I need to pay them
back?
Is this a good thing?
Having someone else pay for your education is a great thing!
Before you decide, you should talk with HR if you still have questions. And you should consider how likely you are to remain employed there for the three years.
Make sure you know what the company will pay for and what they will not. The companies I worked for would pay for tuition, but usually not for books. And in the companies I worked for you needed to attain a minimum grade to receive the tuition reimbursement. Ask HR about the details.
Normally if you are laid off or the company closes you won't have to pay anything back. But once you are no longer employed by the company, they aren't obligated to pay for any new courses going forward.
answered 8 hours ago
Joe StrazzereJoe Strazzere
262k1357691081
answered 8 hours ago
Joe StrazzereJoe Strazzere
262k1357691081
answered 8 hours ago
Joe StrazzereJoe Strazzere
262k1357691081
answered 8 hours ago
Joe StrazzereJoe Strazzere
262k1357691081
262k1357691081
add a comment |
add a comment |
I'm not sure what to do because I don't know if this is good thing.
Entirely subjective on your career goals. If you at all see yourself leaving the company within a year or two- it can be a bad decision since you will be stuck with the company for a longer time unless you want to pay back the tuition reimbursement.
If you can reasonable expect to stay at the company for at least until you no longer have to pay them back anything for leaving- then it would be a good thing since you'd have your degree at least partially paid for- depending on how generous their tuition reimbursement benefit is.
Many companies will pay only partial tuition AND require good business justification before you get approved. Make sure you qualify and if you think you'll be at the company relatively long term- it would be a good deal to take in the long run.
answered 8 hours ago
chevybowchevybow
64819
add a comment |
I'm not sure what to do because I don't know if this is good thing.
Entirely subjective on your career goals. If you at all see yourself leaving the company within a year or two- it can be a bad decision since you will be stuck with the company for a longer time unless you want to pay back the tuition reimbursement.
If you can reasonable expect to stay at the company for at least until you no longer have to pay them back anything for leaving- then it would be a good thing since you'd have your degree at least partially paid for- depending on how generous their tuition reimbursement benefit is.
Many companies will pay only partial tuition AND require good business justification before you get approved. Make sure you qualify and if you think you'll be at the company relatively long term- it would be a good deal to take in the long run.
answered 8 hours ago
chevybowchevybow
64819
add a comment |
I'm not sure what to do because I don't know if this is good thing.
Entirely subjective on your career goals. If you at all see yourself leaving the company within a year or two- it can be a bad decision since you will be stuck with the company for a longer time unless you want to pay back the tuition reimbursement.
If you can reasonable expect to stay at the company for at least until you no longer have to pay them back anything for leaving- then it would be a good thing since you'd have your degree at least partially paid for- depending on how generous their tuition reimbursement benefit is.
Many companies will pay only partial tuition AND require good business justification before you get approved. Make sure you qualify and if you think you'll be at the company relatively long term- it would be a good deal to take in the long run.
answered 8 hours ago
chevybowchevybow
64819
I'm not sure what to do because I don't know if this is good thing.
Entirely subjective on your career goals. If you at all see yourself leaving the company within a year or two- it can be a bad decision since you will be stuck with the company for a longer time unless you want to pay back the tuition reimbursement.
If you can reasonable expect to stay at the company for at least until you no longer have to pay them back anything for leaving- then it would be a good thing since you'd have your degree at least partially paid for- depending on how generous their tuition reimbursement benefit is.
Many companies will pay only partial tuition AND require good business justification before you get approved. Make sure you qualify and if you think you'll be at the company relatively long term- it would be a good deal to take in the long run.
answered 8 hours ago
chevybowchevybow
64819
answered 8 hours ago
chevybowchevybow
64819
answered 8 hours ago
chevybowchevybow
64819
answered 8 hours ago
chevybowchevybow
64819
64819
add a comment |
add a comment |
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Those sound like questions for your employer. Generally, I would expect your accountability only to be based on your actions, not theirs. But if in doubt, clarify with them that if they chose to end the relationship, do they somehow expect you to hold up your end of a deal they reneged on.
– John Spiegel
8 hours ago
In addition to the great answers below -- make sure you understand what the payback rules are on if you are let go with cause. Generally a no-fault exit will not require payback... but being terminated still might. Be sure you understand what conditions will expect payback, then weigh if you can live with that.
– DragonYen
8 hours ago
Whether you need to repay them if you get laid off (or fired) depends entirely on the agreement you sign. If the company "closes", there'd be no-one to pay back.
– Dukeling
8 hours ago
Can we get a location tag here? This is a totally different question in the US where university could cost you > $100,000 vs a country with cheaper public education..
– Mars
19 mins ago
Depending on the details, one way of thinking of the situation is this: You get to go to university, and then after university, you have a guaranteed job AND that job will give you a $10-40,000 a year bonus for the first 3 years. Sounds pretty amazing to me.
– Mars
15 mins ago