EDUCATION Tuition Concession Snapshot Tuition reduction at Wake Forest University (faculty, staff, dependent children, and spouses) and other institutions (faculty, staff, and dependent children) Provider Wake Forest University Human Resources (336) 758-4700 askHR@wfu.edu hr.wfu.edu
Wake Forest University offers tuition reduction benefits for eligible faculty, staff, dependent children, and spouses. The faculty or staff member’s anniversary date will determine if the first eligible semester will be Fall or Spring of a given year. If the eligibility requirement will be satisfied on or before October 1, the benefit is available for the coinciding Fall semester. If the eligibility requirement will be satisfied on or before February 1, the benefit is available for the coinciding Spring semester. Summer is not included as the first eligible semester.
TUITION CONCESSION FOR FACULTY AND STAFF ELIGIBILITY: Faculty or staff with two years of full-time continuous service.
If you attend Wake Forest University: • Full tuition reduction applies for part-time undergraduate study in the College or the School of Business. • Full tuition reduction applies for part-time study in the Graduate School of Arts and Sciences. • All graduate level coursework is taxable. The first $5,250 of incurred education assistance will be excluded from gross pay each calendar year and therefore that amount will not be taxed. Any education assistance that exceeds $5,250 in a calendar year will be taxed to the employee in the semester the education assistance is requested. • There is a maximum of two courses per semester, with approval by the manager or Department Head and Human Resources. • The course or program does not need to relate directly to your job responsibilities. • You may audit classes, with approval by the manager or Department Head, Human Resources, and the Dean of the individual College/School.
If you attend another institution: • The 2021/2022 academic year limit is $5,526.62, or $2,763.31 per semester • There is a maximum of two courses per semester, with approval by the manager or Department Head and Human Resources. • Online courses are eligible. • You must maintain at least a 2.0 GPA. • The course or degree program must directly relate to your job responsibilities. Tuition concession benefits at other institutions do not apply if you already hold an undergraduate degree. Additionally, they do not apply to graduate study or courses requiring individual instruction.
TUITION CONCESSION FOR DEPENDENT CHILDREN ELIGIBILITY: Dependents of faculty or staff with: • Five years* of full-time continuous service if hired on or after January 1, 2014, or • Three years of full-time continuous service, if hired before January 1, 2014.
*If you worked at an accredited higher education institution at least two years immediately preceding employment at Wake Forest University, you may be eligible to reduce the waiting period to three years. The Tuition Concession program applies to dependents who: • Are your biological children, legally adopted children, or stepchildren. • Are less than 26 years of age and substantially dependent upon you. • Do not already hold an undergraduate degree. • Meet the admissions requirements. If the dependent attends Wake Forest University: • Wake Forest pays 80% of tuition and academic
Tuition concession benefits for faculty and staff do not apply to graduate study in the Wake Forest University School of Business, School of Law, School of Medicine, or School of Divinity. Additionally, they do not apply to courses requiring individual instruction.
20 | Questions? Call (336) 758-4700 or email AskHR@wfu.edu