When employer say tution reimbursement on their benfit package , does that include my student loan i

i was offered a job and in their benefit package they have tution reimbursement and i took a student loan to finance my associate degree,and i will be woking in the same field. My loan is 15 year payment plan with a monthly payments of 200 dollars.will my employer be paying my payments?? even if i pay out of my pocket is it tax deductible??

When employer say tution reimbursement on their benfit package , does that include my student loan i took ?

Usually what this means is that if you take a class or training that will enhance your ability to do your job and be a benefit to the company, they will reimburse you for it. It has to be approved by your boss and human resources before it begins. If you already have a student loan going they are not going to pay it for you. They obviously hired you for you job because your current education was adequate.

When employer say tution reimbursement on their benfit package , does that include my student loan i took ?

Tuition remission only covers the schooling you are getting while work for them, not previous loans.

When employer say tution reimbursement on their benfit package , does that include my student loan i took ?

Unfortunately, those are only answers that the employer can answer .. and your tax preparer. My opinion ? I doubt that your new employer will take on a loan you have already acted on BEFORE you were employed with them. It usually means that they will reimburse you for courses that you take AFTER you have started your position with them. I have never heard of it being retroactive. However, it never hurts to ask. I doubt it is tax deductible .. but that question can only truely be answered by your tax preparer. Good luck !! :)

When employer say tution reimbursement on their benfit package , does that include my student loan i took ?

the only reimbrusement you are going to get for previous employment is the fact that they are going to PAY YOU.

REimbursement is for training/schooling you participate in while employed by the organization

When employer say tution reimbursement on their benfit package , does that include my student loan i took ?

Tuition reimbursement usually only covers the expense incurred after the company has hired you. Contact the human resources office of the company for the particulars, maybe you can negotiate such a payment from the company.

Most likely not. Continue your education and the company will more than likely cover that.

Education has in deed become so very expensive. See a tax consult about the tax implications.

Good luck

When employer say tution reimbursement on their benfit package , does that include my student loan i took ?

sweet smile had the correct answer, I am an employeer that offers that and she is right