With college tuition costs rising yearly, more employers today are offering education assistance to their employees. Some completely cover the cost of college education, such as Exxon Mobil, Starbucks and Fiat Chrysler. Graduate education is included in many corporate and government benefit plans, which defray tuition costs to encourage pursuit of a master’s degree, MBA or Ph.D.
Employers range from providing tuition reimbursement or scholarships to financing select job-related coursework. As the IRS allows employers to deduct up to $5,250 yearly per employee, $5,250 is a popular cap on tuition assistance for graduate studies.
Here is a sampling of companies and federal employers that offer this benefit.
These companies provide even more generous reimbursement programs for company-approved graduate coursework.
As a general guideline for federal agencies, the Office of Personnel Management supports job-related studies with up to 100 percent tuition reimbursement for federal employees.
Tuition assistance programs vary widely by agency, and more typically take the form of scholarship programs or partnerships with universities and colleges.
Numerous employers in the metropolitan Washington region reimburse for graduate tuition. Here are just a few major companies that provide this benefit.
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