Tuition free up to $7,500

The University will waive the tuition of every sixth (6th) course for Participating Employees or Members who meet the following criteria:

(i) Identify as an employee or member of Company or Organization with the University in the University’s Student Portal or other method provided by the University.

(ii) Remain employed or an active member with Company or Organization.

(iii) Enroll or be enrolled into a University degree program, certificate program, or single credit bearing course after the Effective Date of the offer letter.

(iv) Successfully start and complete five (5) courses as defined in the Academic Catalog after the effective date of the Agreement.

(V)Enroll and post attendance (as defined in the University Academic Catalog) in the sixth (6th) course within a 365-day period from the first date of attendance in the Participating Employee or Member’s first course after the effective date of the Agreement.

Once a Participating Employee or Member receives the 6th course tuition waiver, the 365-day period will start again from the Participating Employee or Member’s first date of attendance in the next course. 

If the Participating Employee or Member does not achieve the 6th course tuition waiver within the initial 365-day period, the 365- day period will commence again from the Participating Employee or Member’s first date of attendance in the first course after the initial 365-day period expired. 

The tuition waiver applies only to the 6th course, regardless of if the Participating Employee or Member completes the course.

If Participating Employee or Member is enrolled in a University bachelor’s, master’s, or doctoral program prior to the effective date of the offer letter, the benefits set forth herein will apply after the effective date, upon self-identification by the student to the University and upon enrollment in the next course and will not be applied retroactively. Courses taken prior to the effective date will not apply towards the benefits.

Please note: For students using VA benefits, certification of a course solely for monthly housing allowance will use a month of benefit entitlement.

There must be an agreement in place between the University of Phoenix, Inc. (University) and Bank of America (“Company”) (hereinafter “Agreement”) for current employees to receive the tuition benefits set forth below (hereinafter referred to as the “Benefits”).

Eligibility

To be eligible for the Benefits, employees must (i) be and remain employed with Bank of America (ii) be eligible for and abide by all terms and conditions of Bank of America’s tuition assistance policy as determined by Bank of America and (iii) must maintain attendance with the University defined as not taking a break longer than 365 days (hereinafter “Participating Employees”). Participating Employees who are new students and self-identify as a Banner Health employee in the University’s student portal (or through any other method of verification the University may require) after the Agreement effective date will receive the benefits set forth below, so long as the Agreement is in effect and has not been terminated. For those Participating Employees who are currently enrolled and already self-identified with the University, the Benefits will apply to your next course and will not be applied retroactively.  
  
The Benefits will apply to Participating Employees who are receiving the standard University tuition rate and cannot be combined with any Alumni or Associate Transfer tuition rates, competency-based programs such as the MBA-CB program or other competency-based programs the University may offer in its discretion, any other University offer or promotion or any other specific program exclusions set forth in the Academic Catalog. For Clarification, nothing contained herein is intended to prohibit Participating Employees to enroll in these programs or use of any Client tuition assistance toward the excluded items listed above.  
  
Participating Employees are subject to the University's admission and academic policies and procedures..

Undergraduate Courses

Participating Employees may take up to eight (8) courses subject to course availability and University’s policy for a total tuition cap of $7,500 per Calendar Year (defined as January 1st through December 31st). Any courses over eight (8) in a Calendar Year will be charged to the Participating Employee at the then current tuition rate for the undergraduate degree program. 

Master’s Courses

Participating Employees may take up to five (5) courses within any one Calendar Year, for a total tuition cap of $7,500 per Calendar Year (defined as January 1st through December 31st). Any courses over five (5) in a Calendar Year will be charged to the Participating Employee at the then current tuition rate for the Master’s degree program.

Doctoral Courses

Participating Employees may take up to three (3) courses within any one Calendar Year, for a total tuition cap of $7,500 per Calendar Year (defined as January 1st through December 31st). Any courses over three (3) in a Calendar Year will be charged to the Participating Employee at the then current tuition rate for the Doctoral degree program.

Resource Fees (electronic course material fees and books)

Resource fees on tuition assistance approved credit-bearing single courses, certificates, associate, bachelor’s, master’s, and doctoral courses until program completion will be the responsibility of the student. 

Billing

Taking more courses than the maximum allotted amount for each tuition cap in a Calendar Year will result in additional tuition charges. Please check with Bank of America’s tuition assistance policy for further information regarding your billing options and payment details with respect to the Benefits. Please note: For students using VA benefits, certification of a course solely for monthly housing allowance will use a month of benefit entitlement.

Term and Termination

If the Agreement is terminated Benefits will immediately cease and will no longer be available to Participating Employees. Participating Employees enrolled in the University as of the termination date will be responsible for payment of all fees and tuition costs (at the then current tuition rate) for their next course and the remainder of their program in accordance with University financial policies and procedures.