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Regent University Tuition Remission Policy To receive tuition remission, the prospective student must be: A full-time regular employee of Regent University receiving benefits at the time of registration and payment. The employee must be working in a regular benefited position on or before:
- or - The spouse or dependent of a full-time regular Regent University employee receiving benefits. In the case of dependents, the individual must meet the IRS definition of dependent for the year in which tuition remission is requested. The Business Office may require documentation verifying eligibility. A one year waiting period applies to spouses and dependents of eligible employees, i.e. the qualifying employee must complete one full year of eligible service on or before the first day of class in the school the student will be attending in order for the spouse or dependent to receive the tuition remission benefit. Previous employment time in any other classification, e.g. part-time regular, full-time temporary or part-time temporary, does not count toward or waive any waiting period. Courses taken during working hours must be coordinated and approved by the supervisor, and arrangements must be made for making up the time. The prospective student must qualify for admission to Regent University; however, it is not required that he/she be in a degree program. Approval must be obtained from the employee's supervisor, Human Resources to verify eligibility, and from the dean of the school to which the student has been accepted as a student. If the employee does not remain a full-time regular employee of Regent University receiving benefits for at least one-half of each semester for which he/she or his/her spouse/dependent receives tuition remission, the tuition remission benefit will be forfeited for the entire semester. At the time of forfeiture, the tuition remission will be reversed and become a balance due on the student account. Acceptance of this tuition remission precludes eligibility for institutional and/or school based aid scholarships and/or grants that might otherwise be offered from Regent University. Enrollment in a particular school, program or course is subject to space availability and may require approval of the dean. Up to $5,250 per year is excluded from taxes for tuition remission granted to eligible employees enrolled at the graduate level in accordance with Section 127 of the Internal Revenue Code, as of January 1, 2002. Tuition remission is a fully taxable benefit to the employee for tuition reductions for the eligible spouses and other dependents enrolled at the graduate level. Tuition remission is exempt from taxes if the person receiving the benefit is enrolled as an undergraduate student.
NOTE: Prior to completion of the Tuition Remission Application, the prospective student must have been admitted to Regent University.
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