Helping employees further their education benefits both a business and its workforce. Tuition assistance incentivizes employees to stay with the company longer, while also creating a path for them to progress into leadership positions or other departments. Offering tuition assistance programs can involve reimbursing employees for costs associated with courses and textbooks or paying their learning provider directly. The following companies aim to create new opportunities for their employees to grow as professionals.
Companies That Offer Tuition Assistance
- McDonald’s
- Course Hero
- Elevance Health
- Baxter International
- Fidelity Investments
Companies That Offer Tuition Assistance
McDonald’s started as a single restaurant and is now a multinational fast food chain with over 40,000 individual franchise locations. The company employs hundreds of thousands of team members worldwide. McDonald’s benefits and perks include up to $3,000 a year in tuition assistance for restaurant employees. There’s also the Archways to Opportunity educational assistance program, which has provided more than $185 million in tuition assistance for high school and college programs.
Course Hero is an edtech company that runs an online learning platform for students who can use it to access course-specific study resources. The company also connects students with contracted tutors who work with them one-on-one. Course Hero offers $5,250 annually in tuition assistance to benefits-eligible employees.
Elevance Health is a health insurance provider, offering medical, dental, pharmaceutical, behavioral health, long-term care and disability coverage through other companies in the Blue Cross Blue Shield Association. It offers $5,000 per year in tuition assistance for continuing education for full-time employees and $2,500 for eligible part-time associates.
Baxter is a healthcare company that focuses on making products to support patients with kidney disease and other chronic illnesses. It also produces surgical care and hospital supplies. The company has an Educational Assistance Program that gives employees an annual $5,250 to help them pay for undergraduate courses. Baxter also has a program to aid in covering costs for pre-approved graduate courses.
Fidelity Investments is a financial planning firm that consults with investors to guide their market choices, provide investment education, manage wealth and create plans for retirement and college funds. Through its Educational Assistance Program, Fidelity can pay 100 percent of eligible employees’ tuition and fees directly to their institution. The company also helps employees shoulder their student loan bills by paying off up to $15,000, which saves borrowers a significant amount in accrued interest.
