What is the name of your state (only U.S. law)? CO
Can an employer require you to stay with the company for 3 years after using completing one college class, cost approx $280.
It is worded like this:
6. Tuition assistance is considered a loan and requires a commitment of continued employment. This is, in no way, intended to suggest a guarantee of employment or to alter the employment-at-will status.
a. Acceptance of Tuition Assistance in the pursuit of a baccalaureate degree requires a commitment of three years of continued employment following the receipt of the baccalaureate degree before the loan is totally forgiven.
b. Acceptance of Tuition Assistance for classes which are not in pursuit of a baccalaureate degree requires a commitment of three years of continued employment following the successful completion of the class before the loan is totally forgiven.
c. Repayment of Tuition Assistance when commitment period is not met.
• 0 to 12 months – 100% of loan must be repaid,
• after 18 months- 75%,
• after 24 months – 50%,
• after 30 months – 25%,
• at 36 months – loan is forgiven.
Is it legal to make an employee an indentured servant when the company pays out $280 for a class they asked the employee to take?What is the name of your state (only U.S. law)?
Can an employer require you to stay with the company for 3 years after using completing one college class, cost approx $280.
It is worded like this:
6. Tuition assistance is considered a loan and requires a commitment of continued employment. This is, in no way, intended to suggest a guarantee of employment or to alter the employment-at-will status.
a. Acceptance of Tuition Assistance in the pursuit of a baccalaureate degree requires a commitment of three years of continued employment following the receipt of the baccalaureate degree before the loan is totally forgiven.
b. Acceptance of Tuition Assistance for classes which are not in pursuit of a baccalaureate degree requires a commitment of three years of continued employment following the successful completion of the class before the loan is totally forgiven.
c. Repayment of Tuition Assistance when commitment period is not met.
• 0 to 12 months – 100% of loan must be repaid,
• after 18 months- 75%,
• after 24 months – 50%,
• after 30 months – 25%,
• at 36 months – loan is forgiven.
Is it legal to make an employee an indentured servant when the company pays out $280 for a class they asked the employee to take?What is the name of your state (only U.S. law)?