Saving Time is Saving Money Toward a Degree

As the old saying goes, "time is money." As corporate employees attempt to delicately balance their careers, family life, relationships, and numerous other personal obligations and activities, they often find that time not spent wisely is an equivalent   if not a greater loss than money not spent wisely.

The same holds true in higher education. A recent study by The College Board showed that in 2011-2012, the average cost of annual tuition and fees at a non-profit, four-year private college was $28,500. So time saved on finishing a degree can put real money back in your pocket.

Recently, a number of clients approached our team at Tuition Advisory Services® (TAS) with questions on how they could adjust their tuition-assistance policies to help save time and money for their employees. The timing was perfect, as TAS had just kicked off a "Hot Topics in Higher Education" webinar series, with the first topic being a spotlight on credit-by-examination (CBE). The CBE process allows students the opportunity to "test out" of general education coursework at a much faster, and more affordable, rate than enrolling in a college or university.

The webinar, which occurred in December, featured a number of credit-by-examination programs and providers including CLEP, DSST, and UExcel. The Advising Team at TAS conducted the webinar, and provided an overview of the CBE process. What we showed was that in some cases, students taking these courses could save upwards of $10,000 toward a degree!

We are really excited that TAS can provide clients with insight on areas such as this. We are hopeful that our webinar series will continue to help companies navigate through the higher-ed. landscape, and allow employees the chance to save hard-earned time and money they put toward their degrees.

For more information the webinar series or how TAS is helping both employees and employers save time and money while achieving educational goals, visit www.tuitionadvisory.com.

Written by: Bright Horizons Blog Editor

About the Author

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The Bright Horizons Blog Editor frequently posts on the real solutions that meaningfully support employees, advance careers, and drive the world’s leading brands. The Editor curates the latest news, trends, and challenges facing HR pros because your time is scarce. Follow the Bright Horizons Blog to receive this insight in your inbox.