Monthly Archives: August 2021

Biden Extends Student Student Loan Repayment Suspension till 2022

The Washing Post just reported the the Biden Administration has extended the suspension of student loan repayments till January 2022.

For complete details read the story in the link. https://www.washingtonpost.com/education/2021/08/06/biden-extends-student-loan-repayment-suspension/

Employee Educational Benefits

One way to pay for college is through Employee Educational Benefits. Many companies offer these benefits to full time employees. Some even offer them to part time employees.

How do they work? Most EEB’s are offered in the form of a reimbursement to the employee once proof of successful completion of the course is submitted. You will need to submit a copy of your grade/transcript and you must receive a C or better in the class. Once you receive your initial reimbursement, you can use that to pay for your next class, then submit your request for reimbursement for all subsequent courses.

Employers may put limits on the types of courses that can be reimbursed , such as courses that are relevant to one’s job/career with the company. There is often a yearly cap on the amount an employee can receive in EEB.

Here are few national companies that offer Employee Educational Benefits:

Target

Starbucks

UPS

CVS

Chipotle

Lowe’s

Home Depot

To get information on your company’s Employee Educational Benefits program contact your Human Resource Department.