Tuition Assistance Programs For Employees In New York
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Tuition reimbursement is available to M/C employees for educational course work that is categorized as either job-related or career-related and offered by approved schools or organizations.
Who is eligible to have tuition covered? Students admitted as first year undergraduate students to our New York campus, who apply for financial aid by the financial aid deadlines, and who have a family income under $100,000 and hold typical assets will be eligible to have their tuition covered.
Independent individuals who have established a permanent home in New York state for at least one year or dependents of parents who live in New York state are eligible for in-state tuition rates. Living in New York state only while attending college does not qualify as permanent residence.
Tuition reimbursement amount is now $5,000 for employees in certain bargaining units.
Penn State ranks in the top five for tuition benefits for dependents and is among the 43% of schools that offer employees greater than 75% tuition remission. Two schools offer 100% in system tuition remission for dependents (University of Maryland, College Park and Rutgers University).
No reporting or tax withholding is required on educational assistance benefits provided to State employees up to the $5,250 limit for the tax year. Benefits that exceed the $5,250 limit are generally taxable, unless they qualify for exclusion as a “working condition fringe benefit.”
Independent individuals who have established a permanent home in New York state for at least one year or dependents of parents who live in New York state are eligible for in-state tuition rates. Living in New York state only while attending college does not qualify as permanent residence.