Posted in financial aid, High School, Resources, Scholarships, working

100 Employer / Employee Scholarships

Last week, I wrote a nice long post demonstrating some of the financial and real-world benefits of Working During College.  At the end of that post was a list of companies that would pay your teen’s tuition while they went to college!

In today’s post, I want to share a list of 100 companies that frequently offer scholarships to their employees or children of employees!

Parents:  check with Human Resources immediately!  Scholarship application deadlines are sometimes a year in advance.

Who qualifies?

It depends.  In some cases, a parent’s dependents are eligible to apply, but in other cases, the teen must be an employee.  If you or your teen already work for one of these companies, simply contact your Human Resources department and ask for more information.

My teen wants a job that isn’t on this list

Working is great, no matter how you slice it, but rather than browsing and hoping to find your teen’s employer, be proactive and talk to them about seeking employment at a company that offers educational benefits through scholarships or tuition reimbursement.  That’s being smart and planning ahead.  A summer job isn’t supposed to be a permanent career that’s deep and rewarding. It’s a nice way to earn some spending money, learn responsibility, develop a work ethic……. and possibly earn a scholarship!

What’s the difference between tuition reimbursement and a scholarship?

Tuition reimbursement generally requires continued employment with the company while you go to school.  When you’ve finished a course, the company writes you a check to reimburse you for the tuition you paid.  Tuition reimbursement can sometimes pay for a full degree, but often has a service requirement or other obligation in exchange for the educational benefit.

Scholarships are awards given to a student for achievement.  Often, these are one-time awards.  Scholarship amounts vary by employer, but it’s not unusual to see scholarship awards for $500 – $2,500.  Typically, a scholarship is a one-time award without further obligation.

I’m seeing a few names that are also on the tuition reimbursement list.

That’s right!  Many companies consider investing in an employee’s education as a very important part of their mission.  According to the Society for Human Resource Management (the largest HR organization in the world), as many as 91% of large companies maintained or increased their educational benefits since 2014.  In contrast, as few as 4% offer any kind of student loan forgiveness program.  In short:  plan to find these benefits before you start college and resort to borrowing.  Among millennials, as many as 1/3 reports falling behind on their student loan payments.  Ouch!

  1. A&W
  2. Abbott Laboratories
  3. Adobe Systems
  4. ADP
  5. Aetna
  6. Alcoa
  7. Amazon.com
  8. American Airlines
  9. American Cancer Society
  10. AT&T
  11. Baxter International
  12. Biogen Idec
  13. BMW Group
  14. Bosch
  15. Build A Bear
  16. Burger King
  17. California Grape Grower
  18. California State University Bakersfield
  19. Capital One Financial
  20. Carmax
  21. CenterPoint Energy
  22. Chevron
  23. Chobani
  24. Citigroup
  25. Community Bankers Assoc. of Illinois
  26. ConocoPhillips
  27. Costco
  28. CPS Energy
  29. Cracker Barrel
  30. CVS Pharmacy
  31. Darden Restaurants
  32. DirecTV
  33. Dish Network
  34. Dominion Resources
  35. Duke Energy Corporation
  36. DuPont
  37. Edison International
  38. Express Scripts
  39. Exxon
  40. GameStop
  41. General Electric
  42. General Mills
  43. Genzyme
  44. H&R Block, Inc.
  45. Harley Davidson
  46. Hewlett- Packard (HP)
  47. Home Depot
  48. Humana
  49. Hyundai Motors
  50. IBM
  51. Intel
  52. J Crew
  53. JetBlue Airways
  54. Kentucky Fried Chicken
  55. L.L. Bean
  56. Land O’ Lakes
  57. Long John Silver’s
  58. Lowe’s
  59. Marathon Petroleum
  60. Mayo Clinic
  61. McDonald’s Corporation
  62. Meijer
  63. Morgan Stanley
  64. Mutual of Omaha
  65. National Roofing Contractors Assoc.
  66. Nordstrom, Inc.
  67. Nucor
  68. Oshkosh
  69. Pacific Gas & Electric
  70. PepsiCo
  71. Pfizer Inc.
  72. Phillips 66
  73. Pizza Hut
  74. Rockwell Collins
  75. Roller Skating Association
  76. SAS
  77. Servco – HI
  78. Southwest Airlines
  79. Starbucks
  80. State Farm
  81. Subway Restaurant
  82. Sunoco
  83. Taco Bell
  84. Texas Instruments
  85. Tj Maxx
  86. Uline
  87. Union Pacific
  88. United Technologies
  89. US Bank
  90. USDA
  91. Valero Energy
  92. Verizon
  93. Vermont Grocers Assoc. Member
  94. Wakefield Healthcare Center
  95. Wal-Mart
  96. Walgreens
  97. Walt Disney
  98. Wells Fargo
  99. Whole Foods
  100. Yum!
Posted in financial aid, Free Tuition, working

Working During College: Yes or No?

I’ve saved this video for a long time, and I have watched it many times.  It’s my pleasure to share it with you.  It is probably my favorite Dave Ramsey caller of ALL TIME.  This first young woman featured here was homeschooled, attended private Christian College, worked like crazy…not only did she graduate debt free, but she and graduated with money in the bank.  What’s the secret?

For most students, the simple answer is HARD WORK.

Last summer, I heard about Jeff Selingo.  He was being interviewed for his latest book There is Life After College.  He specifically spoke about the topic of students working during college.  Mr. Selingo has researched this issue, and shares some comments here:

 

 

 

One reason high-school students and undergraduates used to work was to earn money to pay for college. But one byproduct of skyrocketing college prices is that a part-time paycheck pays a smaller proportion of the tuition bill. As a result, many students find it easier to just take out loans instead of trying to work to pay for their higher education.”

He’s right, it is easier.

College’s financial aid offices will present your teen with a “Financial Aid Package” that will include a Pell Grant (a gift from the Federal Government if you meet income requirements) and Scholarships (a gift from the college if you meet specific criteria) and the rest will be loans.  Loans will fill the remaining portion of your “need” for that year.

Financial Aid Packages are prepared EACH YEAR.

Need is the kicker. Need frequently includes living expenses and other costs that the college has estimated on your behalf.  Borrowing living expenses money is a surefire way to incur the absolutely MOST student loan debt possible.  The alternative? Work!


Part Time Work During College = Higher GPA

According to a report out of Boston University, “Four-year college students working 20 hours or less had an average GPA of 3.13, versus nonworking students, who had an average GPA of 3.04. But the benefits were reversed with too much multitasking: students who worked more than 20 hours a week had an average GPA of 2.95.”


Work and Earn…..and earn some more!

In addition to working to help off-set costs and build grit into your character, some companies will pay your tuition.  This is in addition to your regular wages.  Tuition assistance programs can pay for part or all of your degree, and of course, each company that creates a program will attach strings, which require careful consideration.

Common strings include holding full-time employment, pursuing a specific major, maintain passing grades, and so on. The human resources department at any company can provide detailed information about their program.  Still, every student should consider doing their work for a company with a tuition assistance program!  If you don’t, you’re leaving free money on the table.

Companies that offer TUITION REIMBURSEMENT

These companies will pay some or all of your tuition through tuition reimbursement!  In short, you pay for your courses, and when you’ve passed the semester, your company cuts you a check.  In other cases, the company sends a check directly to your school.Contact the company’s human resources department and ask about the details.  P.S.  you can do that BEFORE you apply for a job!

  • Aeropostale
  • Ann Taylor
  • Apple
  • Barnes & Noble
  • Best Buy
  • CarMax
  • Coca-Cola
  • Disney
  • FedEx
  • Ford
  • Gap
  • Harris Teeter
  • Hilton Hotels
  • Home Depot
  • KFC Restaurants
  • Kohl’s
  • Lane Bryant
  • Macy’s
  • Marriott Corp.
  • McDonald’s
  • Nike
  • Publix Grocery
  • Sheetz
  • Siemens
  • Staples
  • Starbucks
  • Target
  • UPS
  • Verizon Wireless
  • Walmart