![]() ![]() “Being Mexican-American myself, it was very hard to see the families coming into the respite center knowing that their journey there was so difficult. Partnering with the Humanitarian Respite Center in McAllen, Texas, the foundation opened a Bright Space in just two weeks. The Bright Horizons Foundation immediately began plans to create a “Bright Space” at the border to help families in need and raised $25,000 toward the effort through company and employee donations. ![]() Last year the company sprang to action to help families at the U.S.-Mexico border. Bright Horizons’ Tuition Management Programsīright Horizons can help you implement a robust, successful tuition management program for your employees.Bright Horizons Family Solutions, which operates 1,100 childcare centers globally, offers its employees up to 32 hours of paid time off to volunteer each year. Assisting in the repayment of student loans for employees can be a tremendous help. ![]() For 43 million borrowers, monthly student loan payments can be a huge financial burden. And student debt is increasing each year. Private loans total an additional $123 billion, according to academic data collector MeasureOne. Organizations that invest in tuition reimbursement or assistance see increased ROI as a result.Īccording to dw.com, the current outstanding federal student debts in the U.S. As stated earlier, workers who enjoy tuition benefits stay with their organizations longer - and the cost of training and recruiting new employees is avoided. In addition to the above-listed advantages, tuition program management helps reduce the cost of employee recruitment. Bright Horizons EdAssist Solutions ensures that both employers and employees benefit financially from tuition program management. Employee education assistance programs are tax-free for employers for employees, tuition-related expenses are usually tax-deductible up to $5,250 per annum. Plus, tuition program management boosts skill development in your workforce, therefore increasing employees’ quality of work.Īnother advantage worth noting is tax savings - both employers and employees benefit from it. Studies show that employees have a higher affinity for organizations that offer tuition assistance management services and are generally more likely to be committed to their jobs. Tuition program management helps organizations attract top talent. This can help lessen the financial burden employees feel, and, therefore, increase employee wellbeing, loyalty, and productivity. Repayment of student loans - through student loan repayment, organizations contribute money toward employees’ student loans.Employee tuition assistance - unlike tuition reimbursement, the employer pays for the cost of education from the onset, with no out-of-pocket responsibility for employees.Employees often pay tuition up front, knowing their organization will refund a certain amount of the cost incurred upon course completion. Employee tuition reimbursement - through this form of tuition management, an organization provides employees with funds they can use to further their education.Additionally, we deliver a variety of other helpful benefits - including on-site childcare, back-up care, and educational advisory services for over 1,100 clients worldwide. We currently oversee approximately $1 billion in annual tuition reimbursements for hundreds of employers across the country. With over 30 years of experience, Bright Horizons is an industry leader in education benefits. We offer workforce education programs through Bright Horizons EdAssist Solutions® that are designed to meet both the needs of organizations and their employees. This type of benefit can increase employee loyalty - and Bright Horizons can help organizations with implementation. Tuition program management comes in many forms: employee tuition reimbursement, employee tuition assistance, and repayment of student loans for employees. Tuition management programs can help ensure that employees build the necessary skills which, in turn, benefits employers. Today, employers are looking for employees with a wide variety of skills.
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