Tuition Reimbursement Account

Offer employees a smart solution to cover education costs. A Tuition Reimbursement Account (TRA) can help employees pay for their degree, specialized training, and other costs associated with ongoing education. A TRA supports a strong recruitment and retention strategy to let employees know their employer cares about their professional development and career path.

How a tuition reimbursement account works

Employers fund this tax-savings program for employees to help cover certain educational expenses that follow Internal Revenue Code (IRC) Section 127. This may include tuition, books and other required learning materials, registration fees, lab fees, exam fees and more.

The employer determines which expenses are eligible for reimbursement.

Typically, employees must complete the course with a passing grade before they can request reimbursement.

Employees submit expenses for reimbursement with the Tuition Reimbursement Claim Form.

Once expenses are approved, employees may get reimbursed up to the maximum contribution limit per calendar year.

Complete the Contact Form and within three business days you'll get more information on this smart offering for employees.

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