 |
Tuition Benefits |
|
Educational Assistance Benefits
Courses Taken by Employees at Northwestern University
| PROGRAM OF STUDY |
TUITION BENEFIT |
Required Years
of Service |
None |
School
of Continuing Studies (Principally Evening
and Saturday Classes) |
Undergraduate
Study |
85% |
Credit Professional
Development Programs |
85% |
Noncredit
Professional Development Programs |
85% |
Graduate Study |
75% |
Day
School Programs
|
Undergraduate
Study |
75% |
| Graduate
Study |
75% |
NOTE:
The maximum educational assistance benefit is $8,000 per calendar
year.
The Internal Revenue Code specifies that educational assistance
for undergraduate and graduate study above $5,250 per year
for undergraduate and graduate study must be included as non-cash
compensation and added to an employee's taxable wages. |
Portable Tuition Benefits
Undergraduate Courses Taken by Dependent Children at Schools Other
Than Northwestern University.
Eligibility Requires Date of Hire On
or After January 1, 2000.
(Undergraduate Courses Taken by Dependent Children at Schools Other
Than Northwestern University)
| For employees with 5 or more years of qualifed
service. |
37% of billed tuition
up to 37% of NU tuition |
Eligibility Requires Date of Hire Prior
to January 1, 2000.
(Undergraduate Courses Taken by Dependent Children at Schools Other
Than NU)
| For
employees with between 8 and 12 years of regular, continuous,
full time qualified service. |
100% of billed tuition
up to $2,808 per calendar year |
| For
employees with 12 or more years of regular, continuous, full
time qualified service. |
100% of billed tuition
up to $5,616 per calendar year |
| OR.... |
For employees
with 5 or more years of qualified regular continuous University
service. |
Up to 37% of billed tuition,
not to exceed 37% of NU tuition |
NOTE:
To qualify for the Portable Tuition benefit, an individual
must have full-time employment status as of the first day
of the term for which the benefit is being requested. Contributed
Service Medical School Faculty are not eligible for Portable
Tuition Benefits.
The benefit amount is based on the individual's
number of years of qualifying uninterrupted University service.
Effective January 1, 2004, periods of part-time service
are considered qualifying years of service and will be prorated.
The amount of tuition benefit takes into account
billed tuition and mandatory fees minus financial aid such
as scholarships and grants. Benefits are provided for up
to 8 semesters or 12 quarters and up to age 25.
Tuition benefits are limited to undergraduate
study.
A completed application must be submitted to
the Benefits Division by December 31st of the calendar year
for which the benefit is being requested
Employees hired prior to January 1, 2000 may
choose either plan for each child in a family. Once the
new plan is chosen for a child, an individual may not later
choose the old plan for that same child.
Employees hired on or after January 1, 2000
may choose the new plan only.
Portable Tuition benefits are calculated on
the basis of 35% of the school's tuition, up to 35% of Northwestern
University's current tuition.
| Academic
Year |
NU Tuition
Per Academic Year |
Portable Tuition
Benefit Per Semester |
Portable Tuition
Benefit Per Quarter |
Portable Tuition
Benefit Per Year |
2008-2009 |
$36,756 |
$6,800 |
$4,533 |
$13,600 |
2007-2008 |
$35,064 |
$6,487 |
$4,325 |
$12,974 |
2006-2007 |
$33,408 |
$5,846 |
$3,898 |
$11,693 |
2005-2006 |
$31,644 |
$5,538 |
$3,692 |
$11,075 |
2004-2005 |
$29,940 |
$5,240 |
$3,493 |
$10,479 |
2003-2004 |
$28,400 |
$4,970 |
$3,313 |
$9,940 |
See Summary Plan Description, Benefits Handbook
or academic catalogs for further
information ( PDF)
.
|
Reduced Tuition Plan
Undergraduate Courses Taken by the Spouse and Dependent Children
at Northwestern University.
| PROGRAM OF STUDY |
TUITION BENEFIT |
| Employees whose
current service period began before 10/1/1985 |
Undergraduate
Day School
(Individuals pursuing an undergraduate degree or teaching certificate) |
Up to 90% |
| School
of Continuing Studies |
Up to 85% |
| |
| Employees whose
current service period began between 10/1/1985 and 1/1/2000 |
Undergraduate
Day School (Individuals pursuing an undergraduate
degree or teaching certificate) |
| 4
or more years but less than 8 years of continuous qualified
service |
Up to 30% |
| 8
or more years but less than 12 years of continuous qualified
service |
Up to 60% |
| 12
or more years of continuous qualified service |
Up to 90% |
| School
of Continuing Studies |
| 6 or more months of continuous
qualified service |
Up to 85% |
OR... |
Undergraduate
Day School
(Individuals pursuing
an undergraduate degree or teaching certificate) |
| 5 or more years of continuous
qualified service |
Up to 37% |
| School
of Continuing Studies |
| 6 or more months of continuous
qualifed service |
Up to 85% |
| |
| Employees
whose current full-time service period began on or after 01/01/2000. |
Undergraduate
Day School
(Individuals pursuing an undergraduate degree
or teaching certificate) |
| 5
or more years of continuous qualified service |
Up to37% |
| School
of Continuing Studies |
| 6
or more months of continuous qualified service |
Up to 85% |
NOTE:
To qualify for the Reduced Tuition benefit, an
individual must have full-time employment status as of the
first day of the term for which the benefit is being requested.
Contributed Service Medical School Faculty are eligible for
Reduced Tuition benefits only.
The benefit amount is based on the individual's
number of years of qualifying uninterrupted University service.
Effective January 1, 2004, periods of part-time service are
considered qualifying years of service and will be prorated.
The amount of tuition benefit takes into account
billed tuition minus forms of financial aid. Mandatory fees
such as laboratory fees are not eligible expenses for the
Reduced Tuition benefit.
Day Program study benefits are provided to a dependent
child for up to 8 semesters or 12 quarters and are limited
to undergraduate study toward a degree or teaching certificate.
Dependent child benefits are provided up to age 25.
A completed application must be submitted to the
Benefits Division by December 31st of the calendar year for
which the benefit is being requested.
Employees hired prior to January 1, 2000 may choose
either plan for each child in a family. Once the new plan
is chosen for a child, an individual may not later choose
the old plan for that same child.
Employees hired on or after January 1, 2000 may
choose the new plan only.
See Summary Plan Description, Benefits Handbook
or academic catalogs for further
information ( PDF)
.
|
|
Tuition Plans
Summary Plan Description
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