A 5% discount will apply to a company’s existing or future tuition assistance program, as well as to employees who finance their own education. For convenience, payment is deferred and one invoice is sent at the end of each term that reflects tuition fees after any financial aid has been deducted.
The Indiana Chamber is the state’s largest business advocacy and information organization, representing thousands of businesses of all sizes across the state.
“There’s not a day that goes by that we don’t hear from our members about workforce gaps they are experiencing. We encourage them to take advantage of this program and promote it internally. It’s a good approach to upskilling the workforce and addressing their own company’s needs,” explains Indiana Chamber President Kevin Brinegar. “And by investing in employees, companies build loyalty and that ultimately helps with retention efforts.”
While thousands of organizations across the state are active members of the Indiana Chamber, Brinegar expects this partnership to entice others, saying the investment to join the organization “will be more than offset by the thousands of dollars a business could save annually on tuition costs.”
Ivy Tech Community College, which has more than 40 locations throughout the state, is the largest public postsecondary institution in Indiana. Ivy Tech started the Achieve Your Degree program in 2016.
What can’t be stressed enough, says Ivy Tech Community College President Sue Ellspermann, is how customizable and convenient Achieve Your Degree is.
“Ivy Tech will come directly to your worksite and sit down with management and employees to run through the options and listen to what your individual needs are. We’ll connect employees with the specified courses they need to complete their certificate or degree and meet the job demands of the employer. We can also start at the very beginning and help design a tuition assistance policy if a company doesn’t have one.”
Employees can take a combination of online and on-campus coursework that fits their busy schedules.
Ivy Tech Community College provides support throughout the process, assigning a liaison to help coordinate the effort. Assistance with admissions and financial aid applications, plus student advising and tutoring, are all part of the service. Employers also receive marketing materials to help inform employees about the program.
Brinegar believes one key differentiator of Achieve Your Degree can’t be overstated.
“This is not a traditional tuition reimbursement plan and that’s huge. Large upfront costs have proven to be the big stumbling block in employees taking advantage of any continuing education programs their employers may offer.”
Cook Group, headquartered in Bloomington, experienced that firsthand and redesigned its own program so employees didn’t have to wait for reimbursement. Cook Group President Pete Yonkman reported to the Indiana Chamber last year that the company saw an 800% participation increase in its tuition support program, jumping from 50 to 450 employees.
It will take major strides like these to prepare for the jobs of tomorrow and get more people engaged in completing their education, Ellspermann offers.
“We know there are more than half a million people in this state that started college, but life got in the way of finishing it. Further, another million Hoosier workers never pursued college. We believe Achieve Your Degree and the partnership with the Indiana Chamber will entice many Hoosiers to get the certificate or degree that will provide them a brighter future and bolster the state’s workforce.”
Companies can learn more about this exclusive Achieve Your Degree partnership through the Indiana Chamber at www.indianachamber.com/achieve; Ivy Tech explains the entire program at www.ivytech.edu/achieveyourdegree.