Companies that offer tuition reimbursement
These companies won't just pay the bills, they'll also help you go back to school.
Pop quiz: What makes you valuable to an employer? No, it’s not your winning smile (though we bet it’s pretty impressive). The correct answer is your skill set. Growing your skill set plays a big part in advancing your career—unfortunately, that can get pricey. But some companies aren’t about to let their talent pool flounder on account of tuition cost.
More than half of the companies surveyed for a Society for Human Resource Management study in 2015 reported providing undergraduate or postgraduate tuition assistance to their employees. Part of the reason these programs are popular is that workers aren’t the only ones who benefit: A study by the Lumina Foundation, Cigna and Accenture found that tuition-reimbursement program participants were more likely to be promoted and to stay with the company.
If you want to grow your skill set, these nine employers will help foot the bill.
What it does: AT&T is a global provider of wireless and landline telephones, as well as high-speed internet and television connections.
Number of employees: 277,000
Tuition-reimbursement program: AT&T has a tuition-aid plan that offers $8,000 annually to U.S.-based managers. The amount available for union-represented employees varies. Both full-time and part-time employees are eligible.
Bank of America
What it does: Bank of America is a multinational banking, investing and wealth management firm.
Number of employees: 211,000
Tuition-reimbursement program: Bank of America offers up to $5,250 annually for job-related courses or degree programs. Full-time and part-time employees who’ve been with the company for six months are eligible.
What it does: Boeing is an aerospace company that manufactures commercial jetliners, as well as defense, space and security products.
Number of employees: 160,000
Tuition-reimbursement program: Boeing offers its Learning Together Program for full-time and half-time employees after one year of employment. Tuition assistance through the program is available for undergraduate, graduate and certificate programs, as well as individual classes for studies strategic to Boeing’s business, even if it’s unrelated to your current job. There are no funding limits for studies in skill areas like engineering and technology fields.
What it does: Home Depot is a national retail chain that offers home-improvement goods and services.
Number of employees: 385,000
Tuition-reimbursement program: After 90 days of employment, Home Depot offers up to $5,000 a year in tuition reimbursement for salaried employees, up to $3,000 for full-time hourly employees and up to $1,500 for part-time hourly employees.
Procter & Gamble
What it does: Procter & Gamble is a consumer goods company that manufactures well-known brands of cleaning supplies, paper products, diapers and more.
Number of employees: 110,000
Tuition-reimbursement program: P&G will reimburse full-time employees 80% of tuition costs and eligible expenses, up to a lifetime cap of $40,000.
What it does: Sprint is one of the largest wireless communication providers in America.
Number of employees: 30,000
Tuition-reimbursement program: Sprint’s tuition-reimbursement program will cover 90% of eligible tuition expenses, up to $3,500 each year. Full-time employees are eligible, and part-time employees working 20 to 30 hours a week receive prorated tuition reimbursement.
What it does: TDIndustries is a mechanical construction and facility services company.
Number of employees: 2,300
Tuition-reimbursement program: TDIndustries offers unlimited tuition reimbursement to full-time employees after three years of employment. The company will also pay the full cost for trade school with no waiting period.
What it does: UPS, which stands for United Parcel Service, is a package-delivery company.
Number of employees: 444,000
Tuition-reimbursement program: UPS offers a maximum $25,000 lifetime total for full-time and part-time employees through its Earn & Learn program.
What it does: Verizon is a global provider of wireless communication technology.
Number of employees: 162,700
Tuition-reimbursement program: Verizon offers pre-paid or reimbursed tuition costs, up to $8,000 a year, for full-time employees and up to $4,000 a year for part-time employees. Benefits-eligible employees are eligible for tuition assistance upon their hire date.