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Back-To-School Trends in Higher Ed – And How Education Assistance Programs Can Help With new school supplies purchased and class schedules distributed, the fall season is an especially busy time for school districts, higher ed institutions, teachers and families who are invested in the education process. Fall is also a good reminder of just how important education assistance is for students of all ages, from first-time undergrad to returning adult student.
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Past Entries
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News



A Record-Breaking Scholarship Season
07/23/2014
With the arrival of summer, Scholarship Management Services has completed another scholarship season. The 2013-14 scholarship year was a record-breaking one in a number of ways.
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Scholarship America at the White House
06/13/2014
With more than 55 years of experience, Scholarship America’s presence as the nation’s leading nonprofit scholarship and educational support organization implores us to lend our voice in the national dialogue regarding the future of postsecondary education. As part of our effort to turn this vision into a reality, Scholarship America is one of dozens of organizations that have joined the “Higher Ed, Not Debt” Campaign, a multi-year campaign dedicated to tackling student loan debt in the United States.
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Scholarship America Surprises 12 Dream Award Recipients
05/26/2014
On May 23, 2014, Scholarship America, Inc., the nation’s largest nonprofit scholarship and education support organization, surprised its first group of 12 Dream Award recipients on Katie Couric’s daytime talk show, Katie. The Dream Award, administered by Scholarship Management Services, is Scholarship America’s renewable scholarship program for financially needy students who have overcome barriers and have successfully started their college education.
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Mike Nylund Joins Scholarship America as VP of Sales for Scholarship Management Services
07/08/2013
Scholarship America is pleased to announce that Mike Nylund has joined the organization as the new VP of Sales for Scholarship Management Services (SMS), Scholarship America’s social enterprise that creates custom scholarship, tuition assistance and other education-focused programs for corporate, foundation and individual clients. Mike brings with him over 20 years of professional experience in sales.
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FAQs

  • General
  • Scholarship Management
  • Tuition Assistance
  • View FAQs for:
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    • Why partner with Scholarship Management Services?

      We help you maximise your return on investment. You will find Scholarship Management Services' unique philosophy on customer service, flexibility in programme design and decades of experience unmatched. Our clients are our first priority and always receive professional, expert service. Utilising specialists who focus on nothing but education assistance programmes gives you instant expertise and credibility with your employees and recipients.

      Why outsource management of an education assistance programme?

      Outsourcing programme administration saves time and money. Our dedicated specialists are experts in education assistance programmes, processes, procedures and regulations. We’ll manage all the ins and outs of your scholarship and/or tuition assistance programmes, freeing up your employees to focus on core competencies.

      Why offer an education assistance programme?

      • There are many benefits to offering an education assistance programme, including:
      • Recruitment – Offering an education assistance programme to employees and/or children of employees is an excellent way to promote your company in today's competitive job market.
      • Retention – A programme can develop a sense of loyalty and pride in your company, significantly reducing recruitment and training costs due to turnover.
      • Productivity – Allowing employees to expand their knowledge will add value to your company's bottom line with more satisfied, productive workers.
      • Social Responsibility – By investing in a more educated workforce, education assistance programmes create a positive impact on communities.
      • Cost Savings - The cost savings of recruitment and retention are significant. 
    • What is involved in establishing a programme?

      Establishing a programme can be complex or straightforward. The first step is determining your goals. A representative will discuss options with you and offer recommendations to help you achieve your goal.

      What is involved in outsourcing a programme?

      Outsourcing a new or existing programme is simply a matter of matching your vision to a programme that best meets your needs. First, we’ll determine your goals and budget. Then, a representative will discuss options with you and offer recommendations for a successful programme.

      We have employees in other countries; can they be included in the programme?

      Yes. Many of the programmes administered by Scholarship Management Services include international operations. We have experience working with applications from more than 100 countries. We can provide all the services you and your international participants need for seamless programme management.

    • Who can sponsor a scholarship programme?

      Almost anyone can sponsor a programme. Our clients include companies, membership organisations, private foundations, community foundations, associations, unions, trusts and individuals. We work with organisations of all types and sizes.

      How are the fees determined for managing an education assistance programme?

      Scholarship Management Services offers free consultations. A representative will work with you to develop a programme design at no cost. We recognise you have unique goals and we will work with you to design a customised programme. The management fee is determined once your programme is established, so you pay only for the services you need. Contact us for more information.

      How long does it take to get a scholarship programme up and running?

      The total implementation time of a scholarship programme is dependent on the criteria required to manage the programme. Once the programme details are finalised and approved by an organisation, the implementation time is generally 4-12 weeks.

      Is there a programme minimum or maximum size to use your service?          

      No, we offer our services to very small companies who simply do not have the infrastructure to administer education assistance programmes, and to very large companies who have discovered the value of using outside experts.

    • What services do you provide for scholarship programme administration?

      We offer:

      • Application processing
      • Application evaluation
      • Employment verification
      • Recipient selection
      • Applicant notification
      • Payment processing
      • Renewal award processing
      • Student tracking
      • Day-to-day customer service
      • Detailed programme reporting

      What elements are factored into the cost of managing a scholarship programme?

      There are many factors that determine the cost of managing a scholarship programme, from application format and renewals to translation services and awards. Please contact us so we can discuss your programme needs and estimate the cost of your programme.

      What is the average scholarship award amount?

      Although scholarships range from £100 to a full ride, the average scholarship award amount for programmes managed by Scholarship Management Services is around £1,600.

    • What kinds of application materials does Scholarship Management Services provide?

      • E-applications – We can create a website with your programme information and offer an online application. Applicants create an account so they can log in to complete and submit their application.
      • Hosted websites – We’ll create and host a website with your programme information and offer a PDF form for applicants to download and send in. Applicants cannot submit anything electronically with this option.
      • PDF forms – We create and send PDF forms to you for your company to distribute or post on your website.

      What is the benefit of offering renewable scholarships?

      Renewable scholarships can help see a student through a degree from start to finish. The cost to attend school increases as one advances in school. Often, students drop out after his/her first two years of school because the funding to cover expenses has run out.

      What are the tax implications of setting up a scholarship program?

      To learn the tax implications for setting up a scholarship programme, it is best to consult your tax advisor.

    • What is a Tuition Assistance Programme?

      A Tuition Assistance Programme (TAP) is a benefit provided by employers for financial assistance to employees taking education courses that meet specified criteria. Tuition assistance is not only part of a corporate benefit package, but is also an effective tool to support strategic talent management and learning and development initiatives.

      There are two ways a company can provide financial assistance through a tuition assistance programme:

      • Tuition Reimbursement: An employee pays for the course and then receives payment from the company once the course is completed and specified criteria are met.
      • Prepayment: A company pays for the course prior to the employee completing it.

      How long does it take to implement a tuition assistance programme?

      The total implementation time of a tuition assistance programme is dependent on the criteria required to manage the programme. Once the programme details are finalised and approved by an organisation, the implementation time is generally 4-12 weeks.

      What is the average maximum reimbursement allowed per participant in tuition assistance programmes?

      Maximum reimbursement allowed per participant in tuition assistance programmes is on average just under £3,000.

    • How many employees take advantage of education opportunities when a tuition assistance programme is offered?

      On average, 3-5% of employees participate in a tuition assistance programme. In companies that view tuition assistance more strategically and as an investment in human capital, the number is higher. The number is also higher in industries that view tuition assistance as a requirement, such as in healthcare.  

      Is tuition assistance for employees considered taxable income?

      To learn the tax implications for receiving tuition assistance, it is best to consult your tax advisor.

    • Why partner with Scholarship Management Services?

      We help you maximize your return on investment. You will find Scholarship Management Services' unique philosophy on customer service, flexibility in program design and decades of experience unmatched. Our clients are our first priority and always receive professional, expert service. Utilizing specialists who focus on nothing but education assistance programs gives you instant expertise and credibility with your employees and recipients.

      What are other companies doing for educational assistance?

      • 61% of employers in the U.S. offer undergraduate educational assistance*
      • 59% of employers in the U.S. offer graduate educational assistance*
      • 17% of employers in the U.S. offer scholarships for members of employees’ families*

      *Source: 2013 Employee Benefits: A research report by SHRM

      Why offer an education assistance program?

      There are many benefits to offering an education assistance program, including: 

      • Recruitment – Offering an education assistance program to employees and/or children of employees is an excellent way to promote your company in today's competitive job market.
      • Retention – A program can develop a sense of loyalty and pride in your company, significantly reducing recruitment and training costs due to turnover. 
      • Productivity – Allowing employees to expand their knowledge will add value to your company's bottom line with more satisfied, productive workers. 
      • Social Responsibility – By investing in a more educated workforce, education assistance programs create a positive impact on communities.
      • Cost Savings – The cost savings of recruitment and retention are significant; and, there are tax benefits to offering education assistance programs. 
    • Why outsource management of an education assistance program?

      Outsourcing program administration saves time and money. Our dedicated specialists are experts in education assistance programs, processes, procedures and regulations. We’ll manage all the ins and outs of your scholarship and/or tuition assistance programs, freeing up your employees to focus on core competencies. 

      What is involved in establishing a program?

      Establishing a program can be complex or straightforward. The first step is determining your goals. A representative will discuss options with you and offer recommendations to help you achieve your goals.

      What is involved in outsourcing a program?

      Outsourcing a new or existing program is simply a matter of matching your vision to a program that best meets your needs. First, we’ll determine your goals and budget. Then, a representative will discuss options with you and offer recommendations for a successful program. 

      We have employees in other countries; can they be included in the program?

      Yes. Many of the programs administered by Scholarship Management Services include international operations. We have experience working with applications from more than 100 countries. We can provide all the services you and your international participants need for seamless program management.

    • What is a Tuition Assistance Program?

      A Tuition Assistance Program (TAP) is a benefit provided by employers for financial assistance to employees taking education courses that meet specified criteria. Tuition assistance is not only part of a corporate benefit package, but is also an effective tool to support strategic talent management and learning and development initiatives.

      There are two ways a company can provide financial assistance through a tuition assistance program:

      • Tuition Reimbursement: An employee pays for the course and then receives payment from the company once the course is completed and specified criteria are met.
      • Prepayment: A company pays for the course prior to the employee completing it.

      How long does it take to implement a tuition assistance program?

      The total implementation time of a tuition assistance program is dependent on the criteria required to manage the program. Once the program details are finalized and approved by an organization, the implementation time is generally 4-12 weeks.

      What is the average maximum reimbursement allowed per participant in tuition assistance programs?

      Maximum reimbursement allowed per participant in tuition assistance programs in the United States is on average just under $5,000.

    • How many employees take advantage of education opportunities when a tuition assistance program is offered?

      On average, 3-5% of employees participate in a tuition assistance program. In companies that view tuition assistance more strategically and as an investment in human capital, the number is higher. The number is also higher in industries that view tuition assistance as a requirement, such as in healthcare.

      Is tuition assistance for employees considered taxable income?

      The IRS states that any amounts received annually under an educational assistance program up to $5,250 are not considered taxable income to the employee. Any amounts received in excess of $5,250 may or may not be taxable depending on if the courses taken are job-related or not. Tax-free educational assistance benefits include payments for tuition, fees and similar expenses, supplies, books and equipment.

    • Who can sponsor a scholarship program?

      Almost anyone can sponsor a program. Our clients include companies, membership organizations, private foundations, community foundations, associations, unions, trusts and individuals. We work with all types and sizes of organizations.

      How are the fees determined for managing a scholarship program?

      Scholarship Management Services offers free consultations. A representative will work with you to develop a program design at no cost to you. We recognize you have unique goals for your program and we will work with you to create your customized program design. The management fee is determined when your program design is established, so you pay only for the services you need. Contact us to receive more information.

      How long does it take to get a scholarship program up and running?

      The total implementation time of a scholarship program is dependent on the criteria required to manage the program. Once the program details are finalized and approved by an organization, the implementation time is generally 4-12 weeks. 

      Is there a program minimum or maximum size to use your service?

      No, we offer our services to very small companies who simply do not have the infrastructure to administer education assistance programs, and to very large companies who have discovered the value of using outside experts.

    • What services do you provide for scholarship program administration?

      We offer:

      • Application processing
      • Application evaluation
      • Employment verification
      • Recipient selection
      • Applicant notification
      • Payment processing
      • Renewal award processing
      • Student tracking
      • Day-to-day customer service
      • Detailed program reporting
      • OFAC compliance

      What elements are factored into the cost of managing a scholarship program?

      There are many factors that determine the cost of managing a scholarship program, from application format and renewals to translation services and awards. Please  contact us so we can discuss your program needs and estimate the cost of your program.

      What is the average scholarship award amount?

      Although scholarships range from $100 to a full ride, the average scholarship award amount for programs managed by Scholarship Management Services is around $2,700.

    • What kinds of application materials does Scholarship Management Services provide?
       

      • E-applications – We can create a website with your program information and offer an online application. Applicants create an account so they can log in to complete and submit their application.
      • Hosted websites – We’ll create and host a website with your program information and offer a PDF form for applicants to download and send in. Applicants cannot submit anything electronically with this option. 
      • PDF forms – We create and send PDF forms to you for your company to distribute or post on your website.

      What is the benefit of offering renewable scholarships?

      Renewable scholarships can help see a student through a degree from start to finish. The cost to attend school increases as one advances in school. Often, a student drops out after his/her first two years of school because the funding to cover expenses has run out.

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    Scholarship Management Services and Scholarship America

    For more than 35 years, Scholarship Management Services has been helping corporations, foundations, and
    individuals create and manage education assistance programs for students around the world. We are proud to be
    a division of  Scholarship America, the largest private, nonprofit scholarship and education assistance organization
    in the United States.