Tuition Reimbursement
You may be eligible for tuition reimbursement from your employer. Read the following information carefully! If your employer requires a billing document directly to them and payment is made directly to Siena, you will refer to the Third Party Billings section at the left.
If you receive tuition reimbursement from your employer, you can select 1 of 3 ways to arrange payment for each session. For all plans, you, not your employer, will hold the responsibility for payment of the bill. Failure to comply with the session due dates will result in deferred payment fees added to your account. Important Note: If you extend (ET) the deadline of your tuition reimbursement course(s), you must pay for that coursework by the end of the original semester and you will not be able to register for the next session until your original tuition bill is paid in full. The college’s auditors do not permit us to carry anyone “on account” beyond one semester
- Pay your tuition yourself by the session due dates and settle up with your employer on your own when you have completed the session. This avoids any deferred payment fees from being applied to your account.
- If paying up front is difficult, you can enroll in a Transact payment plan. You can stretch out the payments in as many as 5 payments, with early enrollment. There is a $25.00 fee to enroll, plans in good standing are allowed to continue to register for additional sessions. Grade reports are accessible during the session, but transcripts are held until the final payment is completed.
- File a FAFSA application to be considered for any additional financial aid available to front the cost of your tuition. You will need to supply the Financial Aid office with a written statement or benefit documents declaring the amount that your company will be paying. You would then be awarded with the allowable eligibility for any Federal or Private Loans. (Often students may opt to take out financial aid to front the first session, then use the reimbursements to pay for subsequent sessions. Using the final reimbursement to repay any loan debt that they may have incurred.)
Be aware that the Financial Aid Office considers this employee benefit as part of your financial resources when determining your eligibility for aid. If you apply for need-based aid (including federal student loans), you must inform the Aid Office in writing of the amount of your tuition benefit. If the employee benefits result in an over-award of need-based aid, the Financial Aid Office may be required to reduce your aid dollars. This could mean that you have to repay a portion of any financial aid you have already received.