i was offered a job and in their benefit package they have tution reimbursement and i took a student loan to finance my associate degree,and i will be woking in the same field. My loan is 15 year payment plan with a monthly payments of 200 dollars.will my employer be paying my payments?? even if i pay out of my pocket is it tax deductible??
2006-09-02 04:45:40 · 7 answers · asked by bbyrdrgs 1 in Business & Finance ➔ Careers & Employment
Usually what this means is that if you take a class or training that will enhance your ability to do your job and be a benefit to the company, they will reimburse you for it. It has to be approved by your boss and human resources before it begins. If you already have a student loan going they are not going to pay it for you. They obviously hired you for you job because your current education was adequate.
2006-09-02 04:50:40 · answer #1 · answered by misslabeled 7 · 0⤊ 0⤋
Tuition reimbursement usually only covers the expense incurred after the company has hired you. Contact the human resources office of the company for the particulars, maybe you can negotiate such a payment from the company.
Most likely not. Continue your education and the company will more than likely cover that.
Education has in deed become so very expensive. See a tax consult about the tax implications.
Good luck
2006-09-02 05:01:22 · answer #2 · answered by zurioluchi 7 · 0⤊ 0⤋
Unfortunately, those are only answers that the employer can answer .. and your tax preparer. My opinion ? I doubt that your new employer will take on a loan you have already acted on BEFORE you were employed with them. It usually means that they will reimburse you for courses that you take AFTER you have started your position with them. I have never heard of it being retroactive. However, it never hurts to ask. I doubt it is tax deductible .. but that question can only truely be answered by your tax preparer. Good luck !! :)
2006-09-02 04:51:32 · answer #3 · answered by tysavage2001 6 · 0⤊ 0⤋
i've got faith it rather is clever to. i'm at present getting my Masters in Public well being and that i've got had to borrow approximately 23k. Now i'm not nervous through fact i prefer to artwork for the gov't and rather a number of those jobs...and rather some different jobs are at present helping you pay your student loans. I actually have a pal who has joined the US Public well being value Corp and that they help pay it off each and each 365 days you're with them (reckoning on what you do of direction). I frequently say, it rather is costly to get a stable training, yet interior the top i would be making the money to pay those expenses off. you may might desire to ask your self no count if it rather is helpful so you might return to college in keeping with what you prefer to do with your profession.
2016-11-23 19:13:40 · answer #4 · answered by ? 3 · 0⤊ 0⤋
Tuition remission only covers the schooling you are getting while work for them, not previous loans.
2006-09-02 04:48:44 · answer #5 · answered by sweet smile 3 · 0⤊ 0⤋
the only reimbrusement you are going to get for previous employment is the fact that they are going to PAY YOU.
REimbursement is for training/schooling you participate in while employed by the organization
2006-09-02 04:53:30 · answer #6 · answered by capollar 4 · 0⤊ 1⤋
sweet smile had the correct answer, I am an employeer that offers that and she is right
2006-09-02 05:03:19 · answer #7 · answered by Anonymous · 0⤊ 0⤋