- ORIGINAL NEWS
The job more parents are taking to get a discount on their kids’ college tuition
- SUMMARY
Due to soaring college tuition costs, many parents are now employed by universities to gain access to discounted or even free tuition for their children.
In some cases, parents are able to qualify for substantial tuition benefits after only a few years of employment.
These benefits can cover a significant portion of the cost of private college education, which often exceeds $40,000 per year.
The amount of time it takes to qualify for these benefits varies, but many institutions offer full tuition discounts after a certain period of service.
However, it’s important to note that these benefits could be subject to taxation, and students must generally meet admission requirements to qualify.
Overall, the growing appeal of these programs highlights the escalating cost of higher education and the increasing need for parents to explore creative ways to help their children finance their post-secondary education.
- NEWS SENTIMENT CHECK
- Overall sentiment:
positive
Positive
“More parents are going to work for schools to tap tuition benefits that have existed for years but now have growing appeal amid the skyrocketing cost of a college degree.”
“Jacob Channel, senior economist at LendingTree and a student aid expert, says that while these employee benefits have existed for years, with the spiraling cost of higher education, working for a college has growing appeal.”
Negative
“The price tag of college can be daunting, but less so at some schools if parents work there — and that is what appeals to Heater and a growing number of parents.”
“Still, as attractive as the programs are, Channel said, they have drawbacks. For instance, once the tuition benefit exceeds the IRS’ guidelines of $5,250 annually, the rest is generally considered taxable income.”