Educational Assistance For Employees In Illinois

Category:

Employment - Educational Assistance

State:

Multi-State

Control #:

US-00451BG

Format:

Instant download

Description

The Educational Assistance Program for Employees in Illinois is designed to support eligible employees in enhancing their skills and professional development through educational opportunities at accredited institutions. This form outlines the eligibility criteria, reimbursement process, and responsibilities of both the employee and employer. Key features include coverage for tuition and registration fees, with a reimbursement scale based on the grades achieved in the courses taken. Employees must have completed one year of service and submit a tuition reimbursement form for supervisor approval before enrolling in courses. The form requires employees to provide proof of payment and official transcripts upon course completion. It is designed for full-time regular employees and includes repercussions for repayment if the employee leaves the company within two years of receiving reimbursement. This program serves various target audience members including attorneys, partners, owners, associates, paralegals, and legal assistants by offering structured support in developing their professional competencies while ensuring compliance with company policies.

Form popularity

FAQ

As a State of Illinois Employee, you will receive a robust benefit package that includes the following: A Pension Program.

In most cases, prior approval is required from your employer before enrollment. You'll also want to confirm whether your employer requires you to remain employed for a specified period after the course is completed. Make sure you check with HR so you're not left with unexpected tuition obligations.

The Illinois Department of Revenue also offers tuition reimbursement, day care, and training opportunities.

For the American Opportunity Credit the education credit income limit is as follows: Single, head of household, or qualifying widow(er) — $80,000-$90,000. Married filing jointly — $160,000-$180,000.

Limit: The maximum permissible limit under Section 80C of the Income Tax Act 1961 is Rs. 1.5 lakh with deductions eligible only for two children per assessee.

The tuition waiver benefit for a child of an employee attending the University of Illinois provides the following benefits and has the following limitations: A 50 percent tuition waiver, excluding fees, for up to four years, each year consisting of two semesters and one summer term.

Child of Employee Tuition Waivers. The Inter-institutional 50% tuition waiver for children of public university employees provides for a 50% tuition waiver (not including fees) for up to 4 years of waivers for undergraduate education (excluding non-credit & graduate/professional academic programs or certifications).