Tuition Reimbursement

ThrivePass Tuition Reimbursement is a comprehensive digital platform designed to simplify and automate the administration of educational assistance programs. It empowers employers to support employee development and financial wellness by offering customizable tuition reimbursement solutions. The platform streamlines approvals, substantiations, and reimbursements, making it easier for HR teams and employees to manage educational benefits.

Features

• Digital portal for submitting and managing reimbursement requests
• Automated approval workflows for HR administrators
• Customizable program rules based on employer policies
• Integration with existing HR systems
• Real-time tracking of employee enrollments and completion dates
• Support for a wide range of educational expenses including tuition, books, certifications, and equipment
• Employee self-service access for course enrollment and reimbursement requests
• Admin notifications for request approvals, rejections, or returns

Capabilities

• End-to-end automation of tuition reimbursement processes
• Verification and substantiation of educational expenses
• Flexible configuration to match company-specific reimbursement policies
• Management of recurring or one-time educational funds
• Coverage for academic and non-academic courses, licensing, certifications, and student loan repayments
• Tax-compliant processing under U.S. Code §127 (up to $5,250/year per employee)
• Full-service administration or self-managed options for employers

Benefits

For Employers:

• Attract and retain top talent through robust educational benefits
• Reduce turnover and recruitment costs
• Build a more skilled and promotable workforce
• Enhance employee engagement and morale
• Benefit from tax deductions for educational assistance programs For Employees:
• Financial support for continued education
• Opportunities for career advancement and skill development
• Reduced personal education costs and debt
• Tax-free educational assistance up to $5,250 annually
• Increased job satisfaction and personal growth