Employees want to find ways to earn their degree in the most time and cost efficiency. If an employee would take one course per semester, year-round, it would take her/him 13 years to complete an undergraduate degree. Over the last 30 years, colleges and universities have developed quality options designed specifically for adult learners to achieve degrees in reasonable times, formats and costs.
Thousands of employees have used EASi tools to save millions of dollars for their companies. Just multiply the few examples below times the number of employees you have using tuition assistance funds - most often employee use multiple options so the savings is exponential - and you will see that the immediate savings is significant.
Note: The average college course costs $1,000+
Here are a few examples of the effectiveness of EASi:
1. Choosing the Right School - An employee found school with a better suited Major for her career goals and a better-fit school with EASi's OnLine Advisor & College Search. She talks to her Manager and finds that the company would even prefer a degree earned from this other school. The tuition rate is also less expensive. She transfers to that school. The cost-savings was over $24,000, and the learning she received for her company created a greater ROI.
If this same scenario occurred for just 10 of your employees - your savings will be $240,000.
2. Testing for Credit - An employee learned about three national exams that he felt he can pass and earn college credit from the EASi Guidebook. He followed the exam recommendations for study preparation and passed three exams: English Composition, Introductory Spanish, and American History. He was awarded 3 credits for each exam for a total of 9 credits towards his degree. The cost-savings for 3 courses was $3,000 savings and saved the employee a semesters of attending the classroom and commuting to the school - and less time to complete his degree.
If a hundred of your employees used exams for credit - your savings will be $300,000.
3. Military Training - An employee learned from an EASi Back-to-School workshop that he could receive 3 credits for attending to BootCamp when he signed up with the military years ago, and that his additional training awarded him 3 more courses in Military History, Communications, and Automatic Data Processing (ADP) Repair, Phase I - Computer Technology which created a cost-savings of $4,000 and less time to complete his degree.
If 50 of your employees used military training for credits - your savings will be $200,000.
4. Corporate Training - An employee learned from the EASi OnLine Advisor that when he attended a training course last year, for which he could get credit for 2 courses and he found out that his company has had training evaluated by the EASi Train With Credit program and he can receive 2 more classes of credit for a total cost-savings of $4,000 and less time to complete his degree.
If 60 employees receive credits for your company's training courses - your savings will be $240,000.
5. Portfolio Credit - An employee learned from the EASi OnLine Advisor that the school she is attending offers this opportunity to gain credit for "life learning," but no one at her school told her about it because it would mean less tuition for the school. She did the Portfolio and was awarded credit for Choir, Bowling, Introductory Computers, Technical Writing, Impressionistic Art, Nurtrition for Adolescents, and Study of Italy for a total cost-savings of $7,000 (the national average for the Portfolio) - and less time to complete her degree.
If 50 employees obtained the average credit award for 7 courses - your savings will be $350,000.
6. Accelerated Degree - An employee was going to a state university, but found that it was taking so long for him to earn credits. He used the EASi OnLine Advisor & College Search and found a program in his same Major at a private university which offers accelerated classes, accepted more transfer credit than the state university, offered online courses he could combine with classroom-based courses, offered Portfolio, military credit and accepted national exams for credit. Combing these options, he found he could complete his degree in 5 less years. He transferred. Even though the rate of tuition was higher than the state school, the actual cost of the degree was $14,000 less and since he completed his degree quicker, he did not use tuition assistance money at all for those 5 additional years. Additionally, his learning came back to the company in a faster time for a better ROI to his company.
If 25 employees obtain these same values for your company - your savings will be $350,000.