Do MIT employees get free tuition?
You are eligible for tuition and education benefits if you have been appointed to work at MIT for at least one year, if you work at least 50% of a normal full-time work schedule, and you are paid by MIT. MIT Benefits offers two options: the Health Care FSA and the Dependent Care FSA.
What are the benefits of working at MIT?
Besides our best-in-class health plans and pension plan, we offer fully subsidized T passes, tuition assistance, career development workshops and counseling, a wide range of parenting benefits, along with access to world-class athletic facilities, the MIT Museum—and even free movies.
How does tuition reimbursement work?
Tuition reimbursement is an employee benefit. Companies that offer tuition reimbursement typically agree to pay a set amount or percentage of your tuition and other education expenses for a degree or study program. Typically, your employer will require you to pay for everything on your own first.
Do Harvard employees get free tuition?
TRP reimburses employees up to 75 percent of tuition costs (up to 90 percent for HUCTW employees) upon the successful completion of classes at other accredited institutions. There is an annual maximum of $5,250.
Can MIT staff take classes?
MIT Employees Employees may apply to take classes in any department at the Institute.
Does MIT have a pension plan?
Under the MIT Pension Plan, also known as a Basic Retirement Plan, MIT provides a basic retirement benefit that will be paid to you upon your retirement as a monthly income for the rest of your life.
Can I use tuition reimbursement for anything?
Typically, for the IRS to consider tuition assistance as tax-free, it should be used to pay for tuition, fees, textbooks, supplies, or equipment. And typically, it can’t be used for meals, lodging, transportation, or any equipment you keep after the course.