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Tuition Concession for Faculty & Staff

Effective January 1, 2017, job-relatedness will not be used to exclude any graduate coursework from being taxed. The first $5,250 of incurred education assistance will be excluded from gross pay each calendar year and therefore that amount will not be taxed. Any education assistance that exceeds $5,250 in a calendar year will be taxed to the employee in the semester the education assistance is requested.

Tuition Concession for Faculty & Staff

Eligibility

Full-time Faculty & Staff are eligible for the Tuition Concession Program after reaching their 2nd year of full-time continuous service. The anniversary date will determine if the 1st eligible semester will be Fall or Spring of a given year.  If a Faculty/Staff member satisfies eligibility requirements on or before October 1st then benefits are available for the fall semester (February 1st for spring semester).  Summer is not included as the 1st eligible semester.

Benefits if Eligible and Attending Wake Forest

  • Full tuition reduction for part-time undergraduate study if academically qualified
  • Full tuition reduction for part-time study in the Graduate School of Arts and Sciences only if academically qualified
  • All graduate level coursework is taxable (see policy for detail on the IRS $5,250 annual exclusion)
  • May audit classes with approval
  • Up to 2 courses per semester with approval
  • Does not need to be directly related to your position or responsibilities
  • Does not apply to courses requiring individual instruction
  • Does not apply to the School of Law, School of Medicine, School of Divinity, or Graduate School of Management

Benefits if Eligible and Attending Other Institutions

  • 2016/2017 academic year limit is $5,393.64 ($2,696.82 per semester) for tuition and academic fees
  • Applies to undergraduate study
  • Course or degree program must be directly related to your position or responsibilities
  • Must maintain at least a 2.0 GPA
  • Maximum reimbursement of two (2) courses per semester
  • Does not apply if you hold an undergraduate degree
  • Does not apply to courses requiring individual instruction
  • Does not apply to graduate study

If a course is taxable, the taxable amount is treated as “supplemental income” and it is automatically subject to a 25% flat federal withholding rate, 6% tax withholding for State, and 7.65% for FICA. If you would like to make a change to your W-4 or NC-4 Forms, you may contact the Payroll Department (payroll@wfu.edu).

This is just a summary of benefits. Please review the policy for full details of this benefit. Education Benefits for Employees