Ups: Student Loan Benefits For Employees

does ups pay for student loans

UPS offers tuition assistance to its employees through its Earn & Learn Program. This program reimburses part-time employees for their tuition costs at accredited colleges and universities. While UPS does not offer a specific program to help with student loans, employees may be able to use their tuition reimbursement to pay for student loans. UPS's tuition assistance program has been in place for more than 25 years, and the company has provided more than $620 million in tuition assistance.

Characteristics Values
Does UPS pay for student loans? UPS does not offer a specific program to help with student loans.
How does UPS help with student loans? Students may be able to use their tuition reimbursement to pay for student loans.
How does UPS's tuition reimbursement work? UPS offers the Earn & Learn Program to active, part-time, non-management employees at select locations within the UPS small package network. Employees are eligible from the moment they're hired, and there are no management-level approvals required to participate.
How much does UPS reimburse? UPS reimburses up to $5,250 a year and $25,000 in total.
Does UPS have any other educational programs? Yes, UPS has multiple programs that vary by region. For example, UPS's Louisville/Hodgins programs allow students to earn certificates with tuition reimbursement. UPS also has a School to Work program for high school students in Louisville.

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Tuition reimbursement for part-time employees

Part-time employees at UPS can benefit from tuition reimbursement and other educational opportunities. The company's Earn & Learn Tuition Assistance program has helped over 140,000 employees to date, and part-time employees are eligible for up to $25,000 for college tuition and expenses. This program is available at over 100 locations nationwide, and eligibility begins as soon as an employee is hired. Part-time employees can also take advantage of UPS's partnership with local colleges, such as the Chicagoland Regional College Program (CRCP) at the company's Hodgins facility, which offers tuition benefits and a monthly stipend.

In addition to these opportunities, UPS also offers flexible work schedules to accommodate employees' school schedules. For example, Joceliz, a part-time supervisor at UPS, works part-time in the mornings to accommodate her school schedule in the afternoons. UPS also offers seasonal positions that can provide tuition assistance on a prorated basis, even if the employee is only working during the Christmas season.

The company's tuition reimbursement plans may vary by region, but UPS offers funding for any subject that employees wish to learn. This includes required training as well as a library of courses for continuous learning through UPS University, an online learning platform accessible to every employee.

Overall, UPS's tuition reimbursement and assistance programs provide part-time employees with valuable opportunities to pursue their educational goals while also gaining valuable work experience. The company's commitment to easing the financial burden of higher education has helped thousands of students over the years and continues to be a significant perk of working at UPS.

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UPS Earn & Learn Program

The UPS Earn & Learn Program is an initiative by UPS to help its employees further their education and achieve their career goals. The program is available at most UPS locations across the United States, with over 100 package handler locations eligible to participate. It is UPS's primary education assistance program, which has helped over 140,000 employees to date.

Through the Earn & Learn Program, part-time UPS employees can get reimbursed for their tuition costs at an accredited college or university in the United States. The program covers tuition, fees, textbooks, and supplies, with a lifetime maximum reimbursement limit of up to $25,000. The amount of assistance per calendar year can vary, with some sources stating $3,000, $4,000, or $5,250. The program does not set any course restrictions, allowing students to choose any major or subject they wish to study. There are no minimum grade requirements to maintain benefits at the overall program level, although some branches may set a minimum grade requirement.

The Earn & Learn Program is open to active, part-time, non-management employees at select locations within the UPS small package network. Employees are eligible from the moment they are hired, and seasonal employees are also eligible for prorated tuition assistance. The program is also available to high school students in Louisville through the School to Work program, where they work as package handlers in the afternoon while attending classes in the morning.

In addition to the Earn & Learn Program, UPS also offers other educational opportunities, such as the Chicagoland Regional College Program (CRCP) at the Hodgkins facility, where employees can attend one of seven partner colleges and receive tuition benefits and a monthly stipend. UPS also has a partnership with the University of Louisville and Jefferson Community and Technical College, where students work the night shift and receive full tuition, a book stipend, and bonuses.

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Funding for any subject

Tuition reimbursement plans at UPS vary by region, but the company does offer funding for any subject that employees wish to learn. This is done through the Earn & Learn Program, which is UPS's primary education assistance program. The program reimburses part-time students for their tuition costs at accredited colleges and universities. Employees are eligible from the moment they are hired, and there are no management-level approvals required to participate.

The Earn & Learn Program will reimburse costs for tuition, fees, textbooks, and supplies, up to $5,250 a year and $25,000 total. This can be used to pay for student loans, although UPS does not offer a specific program to help with these. Students will have to pay for their tuition before being reimbursed, and they will not be reimbursed for any classes they fail.

In addition to the Earn & Learn Program, UPS also offers other educational opportunities. Employees at UPS's Hodgins, Illinois location can participate in the Chicagoland Regional College Program (CRCP), which gives employees tuition benefits and a monthly stipend on top of their paycheck. High school students in Louisville can participate in the School to Work program, which often serves as a feeder for Earn & Learn. Students in this program attend their morning classes and then work as package handlers in the afternoon. They can also take courses at Jefferson Community and Technical College.

Since 1997, UPS has provided more than $620 million in tuition assistance, with more than 12,000 employees taking advantage of the program in 2018 alone.

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Tuition assistance for CDL training

Tuition assistance has been an important part of the UPS total rewards package for more than 25 years. The company has provided more than $620 million in tuition assistance since the UPS Education Assistance Program (EAP) began in 1997.

Part-time employees can be reimbursed for up to $25,000 of the cost of their college education. Eligibility for the program begins as soon as a person is hired by the company, and seasonal employees can receive prorated tuition assistance. While the program doesn't require employees to work a certain number of hours, most part-time employees work at least 15 hours per week.

Employees at UPS's larger hub in Hodgins, Illinois, have access to additional educational opportunities. They can participate in a partnership with seven colleges in the area through the Chicagoland Regional College Program (CRCP), which provides tuition benefits and a monthly stipend on top of their paycheck.

In Louisville, high school students can participate in the School to Work program, which often serves as a feeder for Earn & Learn. Students attend their morning classes and work as package handlers in the afternoon. They can also take courses at Jefferson Community and Technical College.

In partnership with the University of Louisville and Jefferson Community and Technical College, UPS offers employees full tuition, a book stipend, and bonuses. Since its inception, more than 17,500 students have participated in this program.

While it is not clear whether UPS provides tuition assistance specifically for CDL training, there are instances of employees earning their Commercial Driver's License through a CDL training program paid for by UPS.

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Tuition reimbursement limits

In the United States, federal tax law sets a limit of $5,250 per year for tax-free tuition reimbursement from an employer. Any reimbursement exceeding this amount will generally be considered taxable income. However, if the reimbursement is directly job-related and can be declared as a deductible business expense, it may be classified as a Working Condition Fringe Benefit and remain non-taxable.

It's important to note that each company or institution may have its own policies and restrictions on tuition reimbursement. Some employers may require written approval from a manager or HR before accepting a reimbursement request. Additionally, they may expect employees to achieve specific grades or use a sliding scale reimbursement system based on grades. Therefore, it is advisable to understand the specific tuition reimbursement policies and limitations of your employer before enrolling in any courses or programs.

Frequently asked questions

UPS does not offer a specific program to help with student loans. However, students may be able to use their tuition reimbursement to pay for student loans.

The UPS Earn and Learn Program is UPS's primary education assistance program. It reimburses part-time students for their tuition costs at accredited colleges and universities. The program has been available since 1997 and has provided more than $620 million in tuition assistance.

UPS reimburses up to $5,250 a year and $25,000 total for tuition, fees, textbooks, and supplies.

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