This form offers education assistance to employees under certain circumstances. Courses must be from approved institutions of learning, such as accredited colleges, universities, and technical colleges or schools that offer certification in a field approved by employer. Also, the courses must be, in employer's opinion, directly or reasonably related to employee's present job or part of a degree program, or in line with a position that employer believes employee can reasonably achieve. If employee shall leave the employment of employer for any reason, within two years of any reimbursement, employee shall immediately repay all reimbursements back to employer.
The EAP is a free, voluntary, and confidential program that provides problem identification, counseling, and referral services for employees. This fact sheet provides answers to frequently asked questions (FAQs) related to educational assistance programs under section 127 of the Internal Revenue Code.An employer educational assistance program that offers student loan repayment benefits will make an employer stand out to applicants. An employee's child who attends the University of Illinois may be eligible for the Child of Employee 50 Percent Tuition Waiver. Academic employees or retirees can receive a tuition waiver and fee exemption from any of the University of Illinois Universities (UIC, UIS, or UIUC). Talk to your general manager to find out. What Is The Amount Of Financial Assistance? Who is eligible for the HSHS Education Assistance Program? If this teaching commitment is not fulfilled, the amount of benefits received converts to a loan, and you must repay the entire amount plus interest. Be a current employee at an Illinois senior public university and employed at 50 percent time or more.