Tuition Assistance Programs For Employees In Massachusetts

State:
Multi-State
Control #:
US-00451BG
Format:
Word; 
Rich Text
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Description

The Educational Assistance Program for Employees outlines a tuition assistance initiative in Massachusetts, designed to support eligible employees in enhancing their skills and career prospects. This program provides reimbursement for tuition and registration fees for courses at accredited institutions, provided the courses relate to the employee's job or future potential role. Eligibility includes all full-time regular employees with at least one year of service. Reimbursement is subject to a maximum number of credits per semester and varies based on the grade received, incentivizing academic performance. Employees must submit a tuition reimbursement form for prior approval, including documentation of grades and payments after course completion. The form includes specific clauses regarding reimbursement limits and repayment obligations if the employee leaves the company within two years of reimbursement receipt. This program is particularly beneficial for attorneys, partners, owners, associates, paralegals, and legal assistants who seek to further their education and achieve professional development while balancing their work responsibilities.
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FAQ

The Tuition Remission benefits you, your spouse, or your dependent children receive may be subject to federal income taxes, Massachusetts state income taxes, and FICA taxes.

Scholarship that is used for tuition is not taxable, but scholarship that is used for living expenses is taxable. Expenses that are considered tuition include all tuition and fees required for enrollment, books, fees, supplies, and equipment for courses of instruction.

The refunds are not taxable as income at the state level.

Massachusetts Tuition Waiver The Tuition Waiver Program was created in 1981 to offset tuition increases. A principle of the program is the belief that the benefits of higher education must be available to all citizens.

The deduction is equal to the amount by which the tuition payments, less any scholarships, grants, or financial aid received, exceed 25% of the taxpayer's Massachusetts adjusted gross income. Tuition payments for students pursuing graduate degrees are not eligible for the college tuition deduction.

✓ has attended at least three years of high school in Massachusetts; ✓ has graduated from high school in Massachusetts or has received the equivalent of a high school diploma (for example, a GED or HiSet) in Massachusetts; ✓ does not have an ineligible non-immigrant status—typically meaning a foreign national with an ...

State Employee GIC benefits include non-Medicare health insurance, dental & vision, LTD, Life Insurance & AD&D, FSA, and the Mass4YOU Employee Assistance Program. Note: Prescription drug benefits are part of all health insurance plans.

MASSGrant & MASSGrant Plus. MASSGrant and MASSGrant Plus are financial aid grant programs for income-eligible undergraduate students who reside in Massachusetts and are enrolled in an approved degree or certificate program at one of the state's colleges or universities.

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Tuition Assistance Programs For Employees In Massachusetts