If this has been covered I apologize. My question is, if Tyler were to come to BU would we have to use a scholarship or with his Dad at the school does he get a free ride? If someone knows for sure please share with us. Thanks
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The general rule (and I think this is an IRS rule) is that when a University provides free tuition the employee must add the cost of tuition to his income and only pays tax on the economic benefit of the education. Thus, a $20,000 education might actually cost $4-7,000 in taxation. The room & board is not covered by the university. I'm sure BU still adheres to this policy.
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Originally posted by wily coyote View PostIf this has been covered I apologize. My question is, if Tyler were to come to BU would we have to use a scholarship or with his Dad at the school does he get a free ride? If someone knows for sure please share with us. Thanks
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Myself and 6 siblings went to BU tuition free because our father worked there. Used to be that you had to have a certain # of years there, but I think that has changed since then. My sister played volleyball and softball for BU and they did not use up any scholarship $ for her.Some see a hopeless end, while others see an endless hope.
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Yep, your kids get a free ride on credit tuition if you are a full time (32+ hours) employee here. It's slightly pro-rated the first 4 employment years but still saving $20+ thousand dollars during that time. If you are a full time employee and want to take classes, then you can have 7 credit hours a semester for $35 total. You really can't beat it if you have 2 or 3 kids that come here with a parent working here. Save you $2-3 hundred thousand. Can buy a spanking new house with that lump of spare change.
Jason
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Originally posted by leebiddlecome View PostCan't kids also go to other schools on tuition exchange? I know a lot of people did that as well. Not that Tyler Les would be he could go to Drake or Trinity in TX (among others) tuition free.
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Originally posted by Braves4Life View PostYes. But it's not as easy. You must also have a parent's kid from that school who wants to come to Bradley in an "exchange" (unless things have changed). This also works the other way around as well.
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