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When I started my first job out of college in 2001 the way the company did it for my masters program was to give interest free loans to cover the cost, then for
by malyk 11y ago
When I started my first job out of college in 2001 the way the company did it for my masters program was to give interest free loans to cover the cost, then forgave that loan balance over the course of a few years (forget how long).
I got my masters degree and then stayed at the company for a year and a half before leaving. At which point I had to pay back the remaining loan balance.
Worked pretty well for the situation, but that would only work if the cost of training wasn't exorbitant and the worker pay was relatively high. I believe I was making $58k when I left and had to pay $8k or so to repay the loan. Doable for me, but not necessarily so for a lot of people.