InStride celebrates five years of growth, innovation and social impactRead More


January 18th, 2024 · 3 min read

Must-know tuition reimbursement statistics for 2024

Written by: Izabelle Hundrev


10 tuition reimbursement and assistance statistics

  • Only about 25% of interested employees ever start an application to take advantage of a tuition reimbursement benefit. (InStride/Bain & Co.)
  • 76% of tuition reimbursement participants participated in a program for assistance or growth opportunities, and two–thirds participated for learning new skills. (EdAssist)
  • Most respondents (82%) said the skills or degree earned through their employer’s tuition reimbursement program helped them be a more effective employee and 84% feel it helped them prepare for the future of work. (Bright Horizons)
  • U.S. corporations spend nearly $180 billion annually on formal training and talent development, $28 billion of which is tuition reimbursement. (The Georgetown University Center on Education and the Workforce)
  • 56% of employers offered undergraduate or graduate school tuition reimbursement to their employees in 2019. (Statista)
  • 76% of employees said they are more likely to stay with their employer because of its tuition reimbursement benefit. (Bright Horizons)
  • Organizations use different techniques for reimbursing student employees. The majority (87%) reimburse after the end of study. The most common reimbursement amount to employees is $5,000 to $5,999. (IFEBP)
  • 84% of employees cited tuition assistance as an important factor in their decision to join their companies. In fact, 71% of participants rated tuition assistance among the best benefits offered by their employers after healthcare. (EdAssist)
  • 45% of Millennials report they would change their job for tuition reimbursement benefits. (Gallup)
  • 88% of Gen Z workers say they are more likely to recommend their employer because of its education benefits. (Bright Horizons)

You can address talent development challenges