Academic benefits

[CajunGas]

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As an academic attending, my current position does not offer any type of tuition support for children the way some of the of the other positions I had interviewed for did. My question is that is anybody switching jobs to take advantage of this benefit as their kids get older? Also what hospitals do you know that have this benefit?

 

[secants]

The only ones I've heard that do this are the acedemic centers with undergrad universities that pay for tuition IF the kid goes to their university.

 

[sleepallday]

University of Miami offered it some years ago (not sure if the benefit is still there) to any college that was of equal or lesser value. I've heard that University of Chicago does the same.

 

[deleted697127]

Cornell used to offer 100% tuition assistance for children of all employees even part time. They've cut it down to 50%. Penn has a similar deal. I think they may even cover med school tuition.

 

[IlDestriero]

All the places I interviewed at had some tuition benefit program. They ranged from their university only, in state schools only, to any university.
My private university offers a generous plan. As an aside, looking at how many of the faculty sent their kids here, often multiple, to this most competitive university, you clearly get some bonus points for being faculty with the admissions committee.

 

[jthedestroyr]

Wake Forest does I think 85-90% to any college that was of equal or lesser value in the state of NC, but I think there is a lifetime cap: IE 50-60k. So got to instate in NC and you are covered for all 4, otherwise that's like 1 year covered if you stayed at WF.

 

[IlDestriero]

As to your other question, I would bet that mid career people with a few kids who might be shopping themselves around for a promotion absolutely factor these benefits in. Obviously it can add up to quite a bit of money. Mine is worth 80-140k per child depending on where they go to school. That isn't a lot over a 25 year career, but with 2 or 3 kids, that starts to add up and becomes a significant benefit. It is taxed as income though, FYI.
It's definitely another thing you have to consider when comparing offers.

 

[aneftp]

As to your other question, I would bet that mid career people with a few kids who might be shopping themselves around for a promotion absolutely factor these benefits in. Obviously it can add up to quite a bit of money. Mine is worth 80-140k per child depending on where they go to school. That isn't a lot over a 25 year career, but with 2 or 3 kids, that starts to add up and becomes a significant benefit. It is taxed as income though, FYI.
It's definitely another thing you have to consider when comparing offers.

Some places it's not taxed as income.

My friend's kid in Georgia is tax free for undergrad. They can choose any Georgia public school and it's free. But they can choose out of state schools as well and tuition is reimbursed the pro rated rate as the Georgia school. So she sent her son to rice university out of state

They also get professional school benefit also for their kids (but that is taxable).

So it adds up a lot. Around $10k a year tax free (undergrad) x 4 years x number of kids.

And they have a really good pension plan. She got to "retire" when she was 55 years old. Access to medical insurance benefits as well.

She jumped back to private practice.

 

[Random Anesthesiologist]

Ours has it even as a benefit for residents or their spouses/kids. My husband has been able to use it for 3 semesters. They allow 15 credit hours in an academic year but undergrad only. Doesn't have to be a school within the university system.

 

[jthedestroyr]

Ours does too random. My program I believe you can get 85-90% off any program within the whole state as long it's part of university state school xxx. Spouses and children can too, but at 50%. Interestingly there is no time frame, as soon as you start working here you're immediately eligible.

I know the deal at wake requires 3years consistent work history before being eligible.


Another big perk at my program is they match up to 10% for retirement for faculty. Sadly residents aren't eligible for that 🙁

 

[Random Anesthesiologist]

Yeah investment matching isn't available for residents here either :/. But we don't have a wait time either for tuition, so that's nice. It's a bummer it's for undergraduate only though.

 

[CajunGas]

So are any of these places in the south or midwest?

 

[BobBarker]

Oklahoma just started doing this. It is for undergrad courses only taken at OU.

It is a benefit available to all university employees including maintenance/janitorial/etc.

 

[Random Anesthesiologist]

So are any of these places in the south or midwest?

Yes Midwest. PM if you want.

 

[jthedestroyr]

Yes my program is in the south. pM me. I've heard they're hiring faculty as well.