One Surprising Way To Save on College Tuition

A U.S. college education can be expensive, more than $36,000 on average for a four-year degree, accounting for tuition, room and board, books, and daily living expenses. But for parents who work at their children’s university, it could be quite a bit less.

Not all but many colleges offer tuition benefits to children of full-time employees, making a university job appealing to many parents looking to fund their kids’ education.

Tuition Benefits

These benefits are anything but uniform.

Some schools require employees to hold a position for a set amount of time before extending them. Others offer tuition benefits that can be exchanged at other universities, meaning children don’t necessarily need to go to the university where their parents work.

And while some schools offer no discount at all, others offer to cover the tuition costs of employees’ children entirely.

While working at a university can prove beneficial in more ways than one for parents of college-bound kids, there are some things to keep in mind. The IRS considers tuition benefits above $5,250 per year to be taxable income.

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