Employers May Have Programs To Finance Your Education!

When people think of a McDonald's employee, they usually think of a person who either

is using this type of job as entry to the work field or who is doomed to perpetual limbo asking if customers want fries with their burgers. Actually, the land of the Golden Arches also offers a program it calls the McDonald's USA National Employee Scholarship Program. Employees who have worked for them for only four months can get anywhere from $2,500 to $5,000 a year in college grants, online or on campus. The only other proviso is that the person continue working there 15 hours a week. While this type of scholarship is for those who work for that company, other types, such as Pell grants for college, are not that job-specific.

Many corporations see programs like these as a way to generate loyalty and a resource pool for future executives. $5,000 a year more than likely will not cover a full year's tuition, yet it still goes a long way towards it. As such, all prospective students should see about federal grants and any other academic scholarships they are eligible for. If you need more information about college loans, look on the internet.

College For Katie is a web site that actually lists a number of ways corporations give the college students an academic boost. Those considering an online degree, or their parents if minors, should ask their company benefits department if they have any of the following programs:

Direct Pay Tuition Assistance: In this form of financial aid, the employer pays up front for the course, certificate or degree program. The employee pays nothing, although their might be a proviso about actually graduating or keeping a certain grade point average. Outside of government grants and academic scholarships, this is a pure form of aid.

Reimbursed Tuition Assistance: One could call it a sort of loan. The employer pays for the course, certificate or degree program after the employee has successfully completed the course or program. The employer may pay after each course or after the degree is completed. Again, reimbursement could be tied to grade point average. There is an abundance of information about grant online on the web.

529 College Savings Program: The employer may offer a college savings program as a part of their benefits package. As a part of this program, the employer may match contributions made by the employee into the program. Parents in particular should think about this for their children.

On the Job Training: A form of work study where the employee advances his/her education while working. Many employers have developed comprehensive training programs that mix classroom and working. Some employers have arranged with online and local community colleges to provide credit for the completion of such programs.

by: Michelle Connor

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