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Tution Reimbursement

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Joined: 27 Dec 2012
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Tution Reimbursement [#permalink] New post 22 Sep 2013, 07:13
I had a question about financing MBAP programs. I know my employer does tuition reimbursement, but the program I am interested in requires that the total tuition of $100k be payed in installments of 25% (basically 25k a semester). I'm not sure who has just 25k sitting out to pay for tuition for a semester, so I am wondering, how do most people pay the tuition for the semester and wait for grades in order to get there employers tuition reimbursement? Take out loans then pay them off at the end of the semester?
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Re: Tution Reimbursement [#permalink] New post 22 Sep 2013, 08:32
chestud13 wrote:
I had a question about financing MBAP programs. I know my employer does tuition reimbursement, but the program I am interested in requires that the total tuition of $100k be payed in installments of 25% (basically 25k a semester). I'm not sure who has just 25k sitting out to pay for tuition for a semester, so I am wondering, how do most people pay the tuition for the semester and wait for grades in order to get there employers tuition reimbursement? Take out loans then pay them off at the end of the semester?


Taking out loans and paying them off at the end of the semester sounds about right. I'm in the same situation. If I get a scholarship from my employer, they'll only reimburse my tuition at the end of my studies - meaning I'll have to come up with the full tuition in loans first. It sounds like your employer would reimburse your tuition after each semester. In that case, could you use your savings to float the 25K? Otherwise 25K in loans is not too bad, especially if your'e paying it back within a few months.
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Re: Tution Reimbursement [#permalink] New post 22 Sep 2013, 14:01
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You can always use the zero % APR offer on a credit card (assuming you can stomach that and have the credit limit)... which I believe many schools allow payment with a credit card (hey - it gets you points!). That's probably the easiest/fastest/cheapest way to bridge the gap in your financing. But it depends on the person since I use credit cards for everything while I have friends who wont' touch them...
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Re: Tution Reimbursement   [#permalink] 22 Sep 2013, 14:01
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