One of 澳彩开奖鈥檚 most important employee benefits has been expanded to support employee children as they seek trade or vocational education.
澳彩开奖, like many leading universities, offers financial support for employee children who attend an accredited college or university in pursuit of an undergraduate degree. Now, at the University, this benefit has been expanded to include employee children who enroll in trade or vocational schools.
鈥淚t was time to expand 澳彩开奖鈥檚 tuition benefit in this way,鈥 said 澳彩开奖 President Brian W. Casey. 鈥淥ur nation and this University itself are in need of skilled tradespeople as well as scholars. I am proud of this University for supporting multiple career pathways of the members of our employee families.鈥
The program expansion also reflects the University鈥檚 commitment, outlined in the Third-Century Plan, to attract and support outstanding employees.
Enrollment is required on at least a half-time basis, and qualifying institutions must either be accredited or licensed by their home state. The grant for the 2023鈥24 academic year will be approved up to $33,311 for annual tuition, not to exceed the tuition and mandatory fees of the college or trade school attended.
All children, age 25 and under, of eligible employees who have worked full time at 澳彩开奖 for at least seven years are eligible for this grant funding 鈥 including adoptees and dependent stepchildren. The grant is available for a total of eight semesters or the equivalent if the child attends a school with a different academic schedule. There are also accommodations for certain children with a disability, including possible exceptions to the half-time student requirement and the eight-semester limit requirement.
Dating back to at least 1991, 澳彩开奖鈥檚 Higher Education Grant serves about 100 students each year. In the 2022鈥23 academic year, 111 eligible students took advantage of the benefit. Depending on the year and number of eligible students, the grant funding requires an outlay from 澳彩开奖 of about $2 to $3 million annually.
鈥淭he 澳彩开奖 Higher Education Grant has been an excellent benefit to help retain long-time employees with tremendous institutional knowledge,鈥 said Senior Vice President for Finance and Administration and Chief Investment Officer JS Hope 鈥97. 鈥淭his signature benefit has helped educate hundreds of students, and it鈥檚 something that our University community is proud to support.鈥