Get Financial Aid Through Your Employer!
We’ve all heard the term “McJobs,” alluding specifically to the impression that the Golden Arches is a limbo of slopping burgers with no chance of advancement. Actually, the land of the Big Mac has a program called McDonalds USA National Employee Scholarship Program. Employees who have worked for them for only four months and who will continue to work for them 15 hours a week, can get anywhere from $2,500 to $5,000 a year in grants. This type of funding is specific to the job, while other financial sources, such as Pell grants for college, are not.
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 online scholarships, look on the internet.
Companies give employees an academic boost, which is something the web site College For Katie details. Those considering an online degree should talk with their company to see if they have any of the following:
Direct Pay Tuition Assistance: The most direct of the forms of financial assistance. The employer pays up front for the course, certificate or degree program. The employee has no out of pocket expense. One could say this is as pure a form of financial aid outside of government grants and academic scholarships as is possible.
Reimbursed Tuition Assistance: In a way it’s a form of loan. The employer pays for the course, certificate or degree program after the employee has successfully completed the program. The employer may pay after each course or only after the certificate or degree is completed. Payment must be done out of the student’s pocket, and the refund could also be tied to grade point average. There is an abundance of information about scholarships online on the web.
529 College Savings Program: Allusions towards a form of savings program is fairly accurate. As part of an employer’s pay contract, they offer a college savings program. The employer may match contributions made by the employee into the program. Parents in particular should think about this.
On The Job Training: Literally the employee advances his/her education while working. Many employers have developed comprehensive training programs that mix classroom and working. Some employers, such as the Queens Public Library system, have arranged with online and local community colleges to provide credit for the completion of such programs.
If you are currently working, in addition to exploring Pell grants for college, you should see what your employer offers. Talking with your employer will let you know if financial aid is available or if you need to go outside the company for such assistance as student loans. Consulting with a college advisor can also provide more information sources.
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