How Much Can You Save? Millions

Significant cost-savings add up quickly

Establishing proper policy defines your program and establishes what needs to be measure to assure success.  Staffing departments should have appropriate information to use TAP educated employees to fill positions and for promotions.  Diversity should monitor TAP graduates and use them to create more diversity within your company.  Succession planning for the "middle masses" can be more efficiently run with support from TAP data.

Employees want to find ways to earn their degree in the most time and cost efficient means - and so should your corporation.

If an employee would take one course per semester, year-round, it would take her/him 13 years to complete an undergraduate degree. Employees will not do this, and by the time they would complete their degree, most of the curriculum would be out dated.

In response to the need of adult learners and industry, colleges and universities have developed quality options designed specifically for adult learners to achieve degrees in reasonable times, formats and costs.

Thousands of employees have used EASi tools to save millions of dollars for their companies.

Just multiply the few examples below times the number of employees you have using tuition assistance funds - most often employees use multiple options so the savings is exponential - and you will see that the immediate savings is significant.

Note: The average cost of a college course is about $1,000+

Here are a few examples of the effectiveness of EASi:

  1. Reduce Financial Risk - a company hired EASi to review its policies and we noticed that their definition for paying for graduate study did not exclude Law degrees.  That loop-hole was corrected.  A few weeks later an employee wanted to enroll in a Law school, and was denied education funds. 

      If this was not corrected that company would have paid out $100,000 on Law School and once graduated, that employee would have left the company.

  2.  Diversity Advancement - A company hired EASi to define more TAP data   to collect and distribute.  The Diversity Director monitored the graduation rates of people with diversity and with EASi's help, established ways to increase those rates to retain and advance diversity in his company. 

The company saved about $150,000 per diversity employee using TAP.

  3.  TAP Policy Supports Learning Needs of Company - A company hired EASi to review its policy.  Upon defining education needs of the company is was determined that in the next few years this company needed more IT talent.  EASi designed a tiered TAP policy that gave employees majoring in IT extended support fo finish by paying for their books if they would keep on track and graduate as soon as possible. 

This saved the company additional hiring costs and kept TAP funded employees with the company for a savings of about $150,000 per employee.

  4.  Choosing the Right School - An employee found aschool with a better suited Major for her career goals and a better-fit school with the EduPlanner. She talks to her Manager and finds that the company would even prefer a degree earned from this other school. The tuition rate is also less expensive. She transfers to that school. The cost-savings was over $24,000, and the learning she received for her company created a greater ROI.

If this simple scenario occurred for just 10 of your employees - your savings will be $240,000 and more.

  5.  Testing for Credit - An employee learned about three national exams that he felt he coulf pass and earn college credit from the EASi Guidebook. He followed the exam recommendations for study preparation and passed three exams: English Composition, Introductory Spanish, and American History. He was awarded 3 credits for each exam for a total of 9 credits towards his degree. The cost-savings for 3 courses was $3,000 savings and saved the employee a semesters of attending the classroom and commuting to the school, and less time to complete his degree.

If  just 100 of your employees used this option - your savings will be

$300,000 and more.

  6.  Military Training - An employee learned from an EASi/ Back-to-School webinar that he could receive 3 credits for attending BootCamp when he signed up with the military years ago, and that his additional training awarded him 3 more courses in Military History, Communications, and Automatic Data Processing (ADP) Repair, Phase I - Computer Technology which created a cost-savings of $4,000 and less time to complete his degree.

If 50 of your employees used military training for credits - your savings will be $200,000 and more.

  7.  Corporate Training - An employee learned from the EduPlanner that when he attended a training course last year, he found out that his company has had that training evaluated by the EASi/Train With Credit program and he can receive 2 more classes of credit for a total cost-savings of $4,000 and less time to complete his degree.

If 60 employees receive credits for your company's training courses - your savings will be $240,000 and more.

  8. Portfolio Credit - An employee learned from the EASi/EduPlanner that the school she is attending offers the Portfolio opportunity to gain credit for "life learning," but no one at her school told her about it because it would mean less tuition for the school. She did the Portfolio and was awarded credit for Choir, Bowling, Introductory Computers, Technical Writing, Impressionistic Art, Nurtrition for Adolescents, and Study of Italy for a total cost-savings of $7,000 - and less time to complete her degree.

If 50 employees obtained the average credit award for 7 courses - your savings will be $350,000 and more.

  9.  Accelerated Degree - An employee was going to a state university, but found that it was taking so long for him to earn credits. He used the EduPlanner and found a program with his same Major at a private university which offers accelerated classes, accepted more transfer credit than the state university, offered online courses he could combine with classroom-based courses, offered Portfolio, military credit and accepted national exams for credit. Combing these options, he found he could complete his degree in 5 less years. He transferred. Even though the rate of tuition was higher than the state school, the actual cost of the degree was $14,000 less and since he completed his degree quicker, he did not use tuition assistance money at all for those 5 additional years. Additionally, his learning came back to the company in a faster time for a better ROI to his company.

If 25 employees obtain these same values for your company - your savings will be $350,000 and more.

Now you can see how EASi it is to save thousands to  millions of dollars off the SPEND of your Tuition Assistance Program.

Can You Afford NOT to use EASi?