Educational Assistance Program Employees With Bad Credit In Sacramento
Category:
State:
Multi-State
County:
Sacramento
Control #:
US-00451BG
Format:
Word;
Rich Text
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Description
The Educational Assistance Program for Employees is designed to support eligible employees in Sacramento who wish to enhance their skills and advance their careers, particularly those possibly facing challenges due to bad credit. This program covers tuition and registration fees for courses at accredited institutions that align with the employee's current job or professional development goals. Eligible employees, defined as full-time regular staff with at least one year of service, must apply for assistance by submitting a tuition reimbursement form to their supervisor prior to course commencement and must gain approval from both their supervisor and the human resources department. The program allows for reimbursement based on grades received, with specific monetary thresholds set for grades A, B, C, and lower. Furthermore, if employees have other sources of funding, they can still apply, though reimbursement will only cover the gap. To receive reimbursement, employees must provide proof of payment and an official grade transcript upon completion. Additionally, any reimbursement must be repaid if the employee leaves the company within two years. This program is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants who may have clients needing to overcome financial hurdles for educational advancement.
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FAQ
Similar to federal law, state law provides that contributions made to a qualified tuition program are not deductible.
