VCOM Institutional Policy and Procedure Manual

VCOM Policy and Procedure

Policy #U003

Edward Via College of Osteopathic Medicine

Policy Order No. U003 Effective Date: July 1, 2009 Revised: September 20, 2018

Signature on File __________________________ Dixie Tooke-Rawlins, D.O. President and Provost ___________________________________________________________________________________ VCOM Policy on Educational Aid for Employees ___________________________________________________________________________________ 1. P URPOSE .................................................................................................................................................1 2. E LIGIBILITY C RITERIA ..........................................................................................................................1 2.1. Course or Degree Program Must be Job-Related ............................................................................2 2.2. General Requirements .....................................................................................................................2 2.3. Specific Requirements.....................................................................................................................2 2.4. Submission and Approval of Educational Aid Promissory Note ....................................................3 2.5. Appeal Process ................................................................................................................................3 3. D URATION OF P OLICY ............................................................................................................................3 1. P URPOSE The Educational Aid for Employees Policy describes a program for employees of VCOM seeking to advance their education to further the mission of the college. NOTE: Presently, employees can exclude, from their income, an IRS allowable amount from the qualified employer-provided educational assistance. Amounts paid to the employee exceeding the IRS allowable amount should be reported as taxable income on the employees W-2. This dollar threshold may change; for more information see the IRS Publication 970 at: http://www.irs.gov/pub/irs-pdf/p970.pdf. 2. E LIGIBILITY C RITERIA Employees must be full-time, working a minimum of 32 hours or greater a week to be eligible for educational aid. The budget allotted for educational aid is limited annually; therefore, the educational aid is competitive.

VCOM Policy for Educational Aid for Employees

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