Educational benefit program

Purpose

The purpose of this policy is to establish the University’s policy, procedures, and guidelines for providing educational benefits to eligible University employees, their spouses/domestic partners and dependent children.

Policy

It is the policy of Lynn University that Educational Benefit programs are a privilege - not a right. As such, would-be participants must be pre-approved and funds must be available.

Employees participating in any of the educational benefits are responsible for payment of all fees including labs, service fees, graduation fees, books and any taxes that may be required by the government. The University reserves the rights to have you (or your spouse/domestic partner or dependent child) apply for any financial aid to which you may be entitled.

Definitions

Dependent Child- a child who is a financial dependent of their parents, as defined by the Federal Financial Aid Program.

Procedures/Guidelines

I. Employee Scholarship Program

After one year of continuous full‐time service, employees, children and spouses/domestic partners of full‐time employees are eligible to enroll in the Lynn University day and iLynn and graduate (masters only, and E.D.D. by application) courses, tuition‐free, providing they do not interfere with schedule and work hours. All admissions are on a space available basis, and the employee, spouse or child must meet Lynn University’s admission requirements. Individuals taking advantage of this benefit must maintain at least a 2.0 cumulative GPA for undergraduate and 3.0 for graduate. Employees may not enroll in more than six (6) credits per term. The University reserves the right to revoke employee scholarship for any individual who exceeds two (2) unsuccessful attempts in the same course or if the GPA falls below the required minimum.

If eligible employees are laid off, go on a disability leave of absence, or have a status change from full-time to part-time, the employee scholarship will be retained for any approved semester or term in progress. If eligible employees voluntarily or involuntarily terminate employment with Lynn University during an approved semester or term, the University reserves the right to revoke the employee scholarship.

To apply for the employee scholarship, employees must complete and submit the Employee Scholarship Form to Student Financial Services during the enrollment period of each semester or term. The financial FERPA form is required for all first time enrollees and the Authorization of Credit form is required annually. An employee that does not following the financial form procedures will be charged the full tuition amount for the number of courses taken. Any financial aid, grant, or scholarship the student is awarded will be used by the University to offset the tuition waiver benefit. Moreover, employees who are in default on Federal Stafford Loans at the time of the tuition waiver request are not eligible for the employee scholarship benefit.

Any outstanding fees must be paid at the time of registration by all employee and dependents. Employees and/or dependents must register in person. Employee scholarship benefit applies only towards tuition not towards the purchase of books. All graduate and iLynn students will need to pay the applicable IPad deposit or bring their own tablet and the tuition cost differential between regular tuition and the MBA tuition. The employee scholarship does not cover this charge. An employee or dependent may apply for student loans to cover books and fees expenses.

The Employee Scholarship does not cover the cost of Study Abroad, however, any eligible employee or dependent will receive a discount.

Employee benefits cover only tuition or a portion of tuition. External funds from loans and grants may also be available, depending on the individual employee’s eligibility. Employee scholarship recipients, however, are not eligible to receive scholarships funded by the University. Information regarding loans and grants can be found online at www.lynn.edu/financialaid.

Note: According to Section 127 of the Internal Revenue Code, only the first $5,250.00 of graduate level education expenses covered by the University are considered non-taxable. Those amounts in excess of the $5,250.00 exclusion are taxable and will appear as additional income on the employee’s W-2 Form at year end.

II. Tuition Exchange Program

After one year of continuous full‐time service, employees, children and spouses/domestic partners of full‐time employees are eligible to apply. Tuition exchange is a reciprocal scholarship program which finances tuition for eligible students at participating institutions (eligible students are full-time employees who have completed one year of continuous service and their dependents according to the IRS definition). For more information on tuition exchange programs and to view a list of participating institutions, please refer to www.lynn.edu/mylynn.

To learn more about this policy or the supporting procedures, please contact Employee Services

Policy updated on: Oct. 24, 2018