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Tuition Concession for Dependent Children of Faculty & Staff

 

Beginning June 1, 2014, submit and track tuition concession requests for dependent children, spouses, or domestic partners electronically through WIN.

Student on Manchester Plaza

Eligibility

  • Full-time Faculty & Staff will be eligible for the Tuition Concession Program for eligible dependents after completing 5 years of full-time continuous service, if hired on or after January 1, 2014 (3 years of full-time continuous service, if hired before January 1, 2014).   If faculty/staff member satisfies eligibility requirement on or before Oct 1st then benefits are available for the fall semester (Feb 1st for spring semester).
  • Eligible Dependents – children (including legally adopted, married, step children and eligible dependent children of a Faculty or Staff’s qualified domestic partner) must be less than 26 years old and substantially dependent upon the Faculty or Staff member. (The requirement of dependency is deemed to be satisfied if the child is claimed as a dependent exemption on the Faculty or Staff’s federal income tax return for the tax year in which the concession is granted).

Benefits if Eligible and Attending Wake Forest

  • Must meet the admissions requirements
  • Wake Forest pays 94% for tuition and academic fees, if hired before January 1, 2014  and 80% for tuition and academic fees, if hired on or after January 1, 2014
  • For undergraduate study only
  • Does not apply if he/she already holds an undergraduate degree
  • Eight (8) semester maximum at Wake Forest University (does not include current Wake Forest students enrolled as of Spring 2013)
  • Beginning Summer 2014, there will be a $100 fee per credit hour for summer session enrollment
  • Dependent child must be under 26 years old
  • Tuition benefit has taxable implications for dependent children that are not substantially dependent on the employee, and dependent children of domestic partners (see policy for details)

Benefits if Eligible and Attending Other Institutions

  • Must be enrolled in an undergraduate degree program
  • 2013/2014 academic year limit is $8,340.04 ($4,170.02/semester) for tuition and academic fees
  • 2014/2015 academic year limit is $8,867.30
  • Applies to undergraduate study only
  • Does not apply if he/she already holds an undergraduate degree
  • 8 semester or 12 quarter maximum per dependent child
  • Dependent child must be under 26 years old
  • If both parents are eligible, the benefit is available to each, but may not exceed the total amount of tuition and academic fees
  • Lifetime maximum of 24 semesters per employee, if hired on or after January 1, 2014
  • Tuition benefit has taxable implications for dependent children that are not substantially dependent on the employee, and dependent children of domestic partners (see policy for details)

This is just a summary of benefits. Please review the policy for full details of this benefit. Tuition Concession for Dependent Children

 The Tuition Reduction Benefits for Dependent Children policy was revised July 2013.  Updates were communicated via:

  • Campus Connections: April 25, 2013
  • Staff Advisory Council: May 30, 2013 and April 22, 2014
  • InsideWFU: April 25, 2013, May 3, 2013, and May 29, 2013
  • Strategic Resources Initiative Report: Spring 2014