Faculty and administrative officers education benefit
The University of Akron is pleased to offer the benefit of tuition remission for you and your dependents. Dependents include legal spouses and dependent children who are not and have never been married and for whom the employee or spouse provides more than fifty percent support during the academic period for which education benefits are sought.
Please see the chart below for details. This chart is intended as a guide. Please refer to the official Board of Trustee rule 3359-20.04.3 http://www.uakron.edu/ogc/UniversityRules/pdf/20-04.3.pdf for detailed information.
See also:
Group | Benefit | IRS and Tax Information |
---|---|---|
Active and Retired Full-time Faculty and Administrative Officers | Two (2) credit courses or six (6) credit hours, whichever is greater each fall and spring semester and four (4) credit courses for summer sessions. Benefit includes tuition and general fees. | Tuition and fees for Graduate level courses which exceed $5,250 in a calendar year will be considered income and therefore subject to taxation. Prior to withholding taxes from the employee’s paycheck, notification letters will be sent to employees with details of the taxable amount and payroll deduction schedule. |
Dependents of Active and Retired Full-time Faculty and Administrative Officers and Dependents of Deceased Faculty who were serving the University at the time of death. | There is no limit to the number of classes/credits. Benefit covers tuition only. | Dependents are defined by the current rules and dependency test of the IRS. The employee many be required to submit proof of dependency upon request. All tuition and fees for Graduate level courses will be considered income and therefore subject to taxation. Prior to withholding taxes from the employee’s paycheck, notification letters will be sent to employees with details of the taxable amount and payroll deduction schedule. In cases where the reduction entitlement for a dependent is based on a former employee who is deceased, and whose spouse is also deceased, the tax liability on the reduction will be the responsibility of the student. |
Active Part-time Faculty and their Dependents | Must teach three (3) or more load hours in a semester to receive one credit course or three (3) credit hour fee reduction benefit. The course may be taken during the semester you are teaching or carried forward to the next semester to use. If the part-time faculty member elects not to use the fee reduction earned, the benefit can be transferred to a dependent during the semester of the parent’s qualifying appointment or the subsequent semester. Benefit includes tuition and general fees for employees and tuition only for dependents. | Dependents are defined by the current rules and dependency test of the IRS. The employee many be required to submit proof of dependency upon request All tuition and fees for Graduate level courses will be considered income and therefore subject to taxation. Prior to withholding taxes from the employee’s paycheck, notification letters will be sent to employees with details of the taxable amount and payroll deduction schedule. |