Has anyone who has recently been laid off been a part of the degree tuition reimbursement program benefit (when the company still offered this)? What happens with repayment, or is this just forgiven?
Furthermore, if you leave the company before your commitment period is over, what happens in the way of repayment? Asking for a friend.
Sincerely,
someone who desperately wants to leave but is in a degree program
All is forgiven, but if you're still in the program, you must pay for the rest out of pocket.
My advice: Load up on next term's course schedule and submit reimbursement now. You can always drop the courses if you get laid off and take them later. Or pay the cash back if you don't get laid off.
I can only speak for the most recent layoff — tuition was forgiven. If you have a few more terms to go, I believe you will need to pay the remaining tuition out of pocket if you’re laid off. If you leave on your own accord before your tuition reimbursement commitment is up, you will be asked to pay it back.
This is specific to degree programs per our contract. Highly recommend you read the contract in 2universe or on workday that you signed. Your tuition contract is null if you get laid off. If you actually get fired due to a disciplinary issue, then you repay the amount depending on where you're at in the time period (100% if you're not halfway, and 50% if you're over halfway but not at the full release date). If you quit before your time, then you repay the amount depending on where you're at in the repayment period. If you leave while you are currently in the program, you run the risk of having to pay out of pocket to complete the rest of your program. If you're laid off while in a program, I think you have to continue to pay for the program out of pocket as well.
I have this same question, in the same boat. I know people who were laid off last year and were given tuition forgiveness. My assumption is this same would apply. I also think at this point, if I found my dream job, I could negotiate out of the rest of my tuition "jail time". It's sunk cost, and what 2U would save on our salaries would outweigh the tuition owed, since you know they won't back-fill our positions if we opted to elave.