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Georgia Tech Educational Assistance Programs BeNedra Williams OHR- Benefits Supervisor.

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Presentation on theme: "Georgia Tech Educational Assistance Programs BeNedra Williams OHR- Benefits Supervisor."— Presentation transcript:

1 Georgia Tech Educational Assistance Programs BeNedra Williams OHR- Benefits Supervisor

2 Agenda Educational Programs Available – TAP – STRAP Exclusions Request Procedures Important Dates Q&A Contact Info

3 Georgia Tech offers an extremely competitive and comprehensive benefits package designed to enhance your work-life experience and remain an employer of choice.

4 Programs Available Tuition Assistance Program (TAP) Provides waiver of tuition up front USG sponsored program Staff Tuition Reimbursement Assistance Program (STRAP) Provides partial tuition reimbursement GT sponsored program

5 Tuition Assistance Program (TAP) Staff Tuition Reimbursement Assistance Program (STRAP) Employment Requirement 6 months employment12 months employment Eligible College/Institution Any USG college/institutionAny accredited non USG college/institution Credit Limits Up to 9 credit hours per semester Up to 6 credit hours per semester Grade Requirement Maintain C or better Assistance Method Tuition waiver applied up frontReimbursement up to GT rate with grades and transcripts Eligible Degree Any degree except doctor or lawyer Program Comparison

6 TAP Application Process Initiate student admission process with applicable USG school – Complete student application process – Receive acceptance letter from institute – Receive student identification number from institute Complete TAP request to its entirety (located at www.ohr.gatech.edu/benefits) www.ohr.gatech.edu/benefits Obtain your manager’s signature on request Submit original request to OHR benefits department by applicable deadline

7 TAP Request Process Register for classes during employee registration period only or risk losing waiver Approvals sent from OHR via email within 30 days after request deadline Repeat the same process for each semester you wish to participate in this program

8 TAP Request Workflow Requests Collected; confirmation of receipt emails sent Eligibility is reviewed Sent to TAP coordinator for second level of approval Email sent for approvals within 30 days after deadline or after grades are posted Tuition Waiver applied to account by payment deadline

9 TAP Tax Implications Tax Implications for TAP Participants The federal government currently allows up to $5,250 annually, in employer-provided educational assistance benefits, to be “tax free” to TAP participants – Applies to both undergraduate and graduate-level courses – Educational assistance benefits in excess of $5,250 are taxable and will be reflected in Box 1 of your Form W-2 We recommend consulting a tax professional if you have questions

10 Initiate student admission process with non-USG accredited school Complete STRAP request (located at www.ohr.gatech.edu/benefits)www.ohr.gatech.edu/benefits Obtain your manager’s signature on request Classes should fall within GT semester dates and should be the same on request and transcript Submit original request to OHR benefits department by applicable deadline (Mail Code: 0435) Repeat the same process for each semester you wish to participate in this program Approvals sent from OHR via email within 30 days of application deadline based on a first come basis STRAP Request Process

11 STRAP Reimbursement Process Submit the following documents to OHR within 30 days of completion of term/class: Official/original transcript Copy of paid tuition receipt Must include name, term & amount charged and paid Reimbursement rates are determined at the beginning of each fiscal year; 2014 reimbursement rates are as follows: Undergraduate:$203.00 per credit hour Graduate:$287.00 per credit hour Reimbursement request within 2 weeks of receipt

12 STRAP Request Workflow Requests Collected; confirmation of receipt emails sent Eligibility and funding is reviewed Approval emails are sent Reimbursement documents submitted to OHR (2 week turn around) Email sent to request signature for payment

13 Program Exclusions Medical degree Law degree Dental degree Pharmacy degree HVAC certification Non-credit continuing education courses Certificate courses Student fees Executive/premier courses Check with TAP coordinator at USG Teaching Institution for possible assistance

14 Application Deadlines Summer Semester April 15 th Fall Semester July 15 th Spring SemesterNovember 15 th *Applications will be accepted within 30 days prior to deadline OHR Mail Code: 0435 Office of Human Resources Benefits Department 500 Tech Parkway Atlanta, GA 30332

15 Questions

16 Contact Information BeNedra Williams OHR- Benefits Supervisor Benedra.williams@ohr.gatech.edu 404-894-3925 For More Info: www.usg.edu/hr/benefits USG TAP Policy information, TAP Coordinators & Registration periods www.ohr.gatech.edu/benefits TAP/STRAP policies and forms www.registrar.gatech.edu GT academic calendar


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