Education Accounts

Education Accounts

Education Accounts by BASIC allows you to offer sought-after benefits to attract and retain the top talent. Stand out as a progressive employer as benefit preferences of young professionals switch from retirement to paying off student loans.

Our Education Accounts offer two unique accounts to choose from: Tuition Reimbursement Account and Student Loan Reimbursement Account.

BASIC gives employers complete flexibility with both Education Account types. Both plans can be designed to encourage long term employment and loyalty by setting up tiered benefit levels based on tenure, allowing employees to “unlock” additional benefits over time.

Tuition Reimbursement Account is tax-advantaged, while Student Loan Reimbursement is not. While not a tax-advantaged plan, eight in ten workers with student loans say they would value working for a company that helps with student loan debt. Employers that offer this highly coveted benefit can attract the highest quality candidates.