LMM Tuition Assistance Program
Continuous learning and development are values supported by LMM. Our company offers a Tuition Assistance Program (TAP) as part of ongoing investment in the growth and development of its employees. The TAP provides financial assistance to employees to acquire skills and knowledge that enhance performance in their current role and/or prepare them for potential future job responsibilities with LMM.
The TAP covers appropriate costs for associate, undergraduate, graduate, and post-graduate degrees, excluding Executive MBA programs. The TAP also covers appropriate costs for certain technical trade certifications specific to an employee's current role or potential future roles with LMM.
LMM’s tuition assistance program complies with the IRC Tuition Reimbursement program outlined in Section 127. Click on the IRC’s Education Assistance Program for more information.
Effective January 24, 2024
- Participants in the program are not eligible to receive payment for the same program or course more than one time.
- Participants are eligible for a single program or course reimbursement.
- The program is eligible to full time employees with a tenure of one year or more.
- Employees require a two (2) year gap between each benefit.
- There is a limit of three (3) programs per employee subject to approval.
- Participation in the program does not guarantee continuous employment in LMM.
- There is a limit of nine-credit hours per semester.
- Employment status with LMM is primary to student status.
- Accurate information must be provided to receive financial assistance. Inaccurate information will be considered a violation of the LMM's Code of Conduct subject to disciplinary action up to and including termination.
- In the United States, any tuition assistance over $5,250 per year is considered taxable income. Any tax liability resulting from tuition assistance is the sole responsibility of the employee receiving the assistance. If the applicant lives outside of the U.S., it is the applicant's responsibility to check with local Human Resources or payroll.
- Payments for eligible expenses will be provided through standard payroll processes as soon as administratively possible upon submission of required documentation provided participation in the program has been fully approved.
Employee Steps for TAP Participation:
