Take Cobwebs Off Employee Tuition Assistance Policies

Tuition assistance can help employers hold on to employees and improve their skills, but the programs must be designed properly, consultants say.

“Tuition assistance benefits, like student loan assistance, college coaching for families, and college savings assistance, are part of benefits that employers offer to assist employees with the cost of higher and ongoing education,” Betsy Dill, senior partner and financial wellness advisory leader at Mercer LLC’s Los Angeles office, told Bloomberg BNA in an e-mail Dec. 5. “Tuition assistance addresses the cost of additional education, training and certifications that may be required on the job.”

Two factors are driving ...