Tuition Reimbursement & financial assistance
Our Tuition Reimbursement Policy states if other financial assistance is provided (scholarship, grant, etc) that we will pay the difference up to 100% of the tuition expense. The question is what does your policy state if an employee pays with a student loan (private or federal subsidized/unsubsidized)? My first thought was the employee should prove that they are applying the tuition reimbursement funds to their student loan. However, how is that different than if they pay with their credit card? Is it up to the Employer to police what they do with the tuition funds we reimburse them as long as they complete the approved class with an approved grade under our policy guidelines? What do you require?