President Jane Fernandes and the President’s Cabinet recently approved a revised Tuition Remission Policy for employees and dependents, which will go into effect for the 2015 fall semester.
The recommended revision of the policy was the result of research and analysis conducted by the Finance and Human Resources departments, which included evaluation of tuition remission policies at comparable higher education institutions. The policy reflects Guilford’s commitment to provide an educational benefit to employees and their dependents while reducing the impact on the College budget.
Notable changes to the policy include:
- Clarification that tuition remission is equal to the amount of tuition less any other grant aid, including federal, state or institutionally funded financial aid
- Limiting the benefit only to those seeking their initial baccalaureate degree
- Extending the new employees’ waiting period for eligibility to one year
- Limiting eligibility to eight semesters
- Excluding summer school, January Term and PTDC programs from the benefit
- Limiting the program eligibility to only regular (non-temporary) full-time employees
The processing of the Tuition Remission Form will be coordinated with the Office of Financial Aid, and the Free Application for Federal Student Aid (FAFSA) must be completed for all legally dependent children.
The revised Tuition Remission Policy will replace the existing policy in the Faculty and Staff Handbooks.