Dependent children of all full-time and regular part-time employees who have completed three years of employment in their category are eligible to receive a cash grant to help defray undergraduate tuition costs at an accredited college of the child's choice. The cash grant is awarded only to those students enrolled in a full-time undergraduate academic program leading to an associate or baccalaureate degree. If you have any doubt about the accreditation of the institution your child has selected or the type of program in which he/she intends to enroll, you are encouraged to discuss your questions with the Director of Human Resources before enrollment takes place.

"Tuition" is defined as the basic cost of attending an institution in order to gain credit for academic work done during a given year. It will not include additional assessments for correlated special programs at another institution, nor fees charged for special or individual instruction, nor room, board or other student fees.

A description of the calculation of the cash grant amount is available in the Human Resources Department. Dependent children of full-time employees who have completed three or more years of full-time employment receive the full cash grant. The employee must have met the three-year service requirement prior to the first effective semester for which payment is due, and must have worked three consecutive full-time years immediately prior to the commencement of the benefit. A break in service of less than one year will not deter eligibility, provided the employee otherwise meets the three-year waiting period.

Dependent children of regular part-time employees will be eligible for a prorated cash grant. This proration will be calculated as the average of the employee's work schedule during the three years prior to the semester that the benefit is extended. Dependent children of eligible part-time employees who change to permanent full-time status receive no less than 75% of the full award during the intermediate time until completion of three years of uninterrupted full-time service. They may receive more than 75% of the full award during this time if their previous schedule so dictates. Employees must have met the service requirement prior to the beginning of the semester for which tuition remission is extended.

The cash grant may not exceed the actual cost of the tuition of the institution attended. No cash grant shall exceed two-thirds of the Sarah Lawrence College base tuition. Any tuition award, grant, scholarship, or other financial aid that reduces the tuition charge below the employee's cash grant will result in the cash grant being adjusted to the level of the remaining tuition. In no case will the total of the cash grant and the tuition assistance exceed the tuition charge. In some cases the cash grant may reduce the amount of financial aid awarded by the college attended; such policy is under the control of the college attended, not Sarah Lawrence.