Policy Area: Human Resources/Business Office
Policy Title: Tuition Reimbursement Policy
Submitted Date: January 2021
Effective Date: February 2021
Approved By: Cabinet
Policy Owner: Human Resources
Policy Statement:
In cases where the existing Tuition Remission and Exchange benefit does not offer a course or courses that are of interest to an employee and fit the policy below, Albion College offers the Tuition Reimbursement benefit to eligible employees to help meet their educational and professional goals. This benefit provides financial assistance toward non-Albion College coursework. If a course or courses are available in the Tuition Remission and Exchange benefit program, tuition reimbursement is not applicable. The tuition reimbursement benefit provisions for union employees are detailed in the Collective Bargaining Agreement (CBA).
Primary Impact On: Full-Time Faculty and Administrative employees. Tuition benefit provisions for union employees are detailed in the Collective Bargaining Agreement (CBA).
Financial assistance is provided for advanced degree or job-related courses. Tuition reimbursement and tuition remission/exchange benefit cannot be combined in the same fiscal year for the employee (spouses and dependents may qualify for tuition remission/exchange benefits concurrently).
The following expenses are not eligible for reimbursement under this policy:
The employee recognizes this benefit as a College investment in employees. As such, the College has a reasonable expectation that the knowledge and skills acquired by the employee will benefit the College over time. The following sections outline the repayment requirements when employment ends.
When the reimbursement is for coursework being taken as part of an enrolled degree granting program, the College administers this benefit as a forgivable loan. At the time of approval, the employee and the College will agree in writing about the schedule of forgiveness requiring full-time employment at the college following the completion of the enrolled program. In the event that the employee ceases to be employed at the college, either voluntarily or involuntarily, the employee will become responsible for repayment of the amount not yet forgiven to the College.
When the reimbursement is for coursework unrelated to enrollment in a degree granting program, and the employee leaves employment with Albion College, either voluntarily or involuntarily, within one year of completing a course(s), the employee will be required to repay a portion of the original tuition reimbursement to Albion College.
Time Elapsed | Percentage of Repayment |
---|---|
Amount of time between the date(s) of the tuition reimbursement and the employee’s separation date | Applicable to the amount of the tuition reimbursement received during the 24 months prior to the separation date |
6 months or less | 100% |
More than 6 months, but less than 12 months | 75% |
Exceptions to this policy, if any, need to be authorized in advance by the President in consultation with the CFO.
Please contact Human Resources ( or 517-629-0205) with questions.