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.
This fact sheet provides answers to frequently asked questions (FAQs) related to educational assistance programs under section 127 of the Internal Revenue Code. The MGIB program provides up to 36 months of education benefits.These programs allow employers to pay student loan debt and other education expenses taxfree. Lake Travis ISD is proud to offer an extensive and comprehensive benefits package to our staff and their families. See what financial assistance is available at Travis Air Force Base. An educational assistance program is an employer's written plan to provide employees with undergraduate or graduate-level educational assistance. An educational assistance program is an employer's written plan to provide employees with undergraduate or graduate-level educational assistance. You can apply for benefits if you are unemployed or working reduced hours through no fault of your own. To file a claim, see Apply for Benefits below. We offer comprehensive health insurance, a no-cost, on-site Health and Wellness clinic, longevity pay, paid vacations, sick time and personal holidays.