Tuition benefits at other Universities
August 9, 2012 Leave a comment
I posted this on Duke’s tuition benefit for children of employees yesterday. As people send me info on similar benefits from other Universities, I will add them to this post. North Carolina public universities have no such tuition/college benefit of any type (that I know of).
- University of Chicago covers tuition at any college or University up to 100% of the University of Chicago’s tuition ($43,581 for 2012-13 academic year). Thus, the maximum benefit of U of Chicago’s tuition benefit (also tax free) is about $10,000 more per year than is Duke’s, (~$32,000 this year) and further, it is a first dollar benefit so could be used to pay in-state tuition at a place like University of Illinois where tuition ranges from ~$11,000-$16,000/ year depending upon campus and program. Cost of attendance at University of Illinois campus is ~$30,000 full freight, but with Univ of Chicago tuition benefits would be between $15,000-$20,000. Lower mark is less than full freight at UNC, with top one about the same.
- Stanford’s tuition benefit covers up to 50% of Stanford’s tuition ($20,625 max benefit for 2012-13). Like U Chicago’s tuition only, but much more straightforward (no deductible, would reduce cost of in-state options), though as most already know, UNC’s tuition for 2012-13 of $5,824 for 2012-13 is very low compared to other public Universities (UCLA’s is $12,686 for this coming year). However, Stanford’s benefit would pay the entirety of UCLAs tuition for a faculty brat leaving ~cost of attendance at around $10,000, whereas Duke’s would pay zero for UNC, leaving cost of attendance at $20,000.