Chicago, IL (PRWEB) September 05, 2012
A study conducted by EdLink — the largest provider of corporate tuition assistance services — shows that alternative methods of achieving college credit can significantly lower the cost of tuition assistance programs.
About The Study: Innovative Approaches to Manage Your Tuition Program Spend
Tuition costs in the U.S. continue to rise on an annual basis, making it increasingly more expensive and challenging for employers to offer tuition assistance programs aimed at developing their workforce. In this study, EdLink presents real data — taken from EdLink’s extensive knowledge of tuition assistance management and from existing national studies — that shows that employers can achieve significant savings in their tuition assistance programs by supporting alternative forms of obtaining college credit. Each of these methods offers employers a more affordable solution to workforce development while providing employees a variety of resources to further their professional development.
“In today’s global economy, the investment in employee development is more vital than ever for future growth. Employers who incorporate alternative methods of earning college credit into their tuition policies can significantly reduce the time and cost of gaining a college degree,” stated John Zappa, CEO of EdLink.
In this study, EdLink demonstrates how alternative delivery methods can lower the cost of employer tuition assistance programs. To do this, a number of alternative methods of gaining college credit were analyzed including public two-year community colleges, StraighterLine online college courses, prior learning assessments, College Level Examination Program (CLEP), Advanced Placement exams and others. Each of these alternative methods can reduce the cost of tuition assistance programs — saving employers and students anywhere from $400 to $1,100 per course.
“Today there are more alternative methods available for individuals to gain college credit than ever before,” stated Jason Mulrooney, Manager of Client Services at EdLink. “These methods not only offer tangible savings to employers, they oftentimes lead to employees achieving greater success in their academic pursuits.”
To download the entire study, please visit: http://www.edlinktuition.com/pdfs/innovativeapproaches.pdf
About EdLink, LLC
EdLink has been designing and administering successful tuition and educational guidance programs for nearly 30 years. It is the nation’s largest provider of outsourced tuition management services, working with companies of all sizes across multiple industries. Long considered the thought leader in the industry, EdLink’s deep expertise and commitment to research and innovation ensures results that matter to both corporations and working adults. EdLink serves over one million eligible employees and saves clients millions each year in tuition costs.
EdLink is an independent company jointly created by two national nonprofit leaders in education, the Council for Adult and Experiential Learning (CAEL) and ACT, Inc.