Paying For College

Student Loan Repayment Program
Tuition Reimbursement Program
Student Loan Refinancing
529 College Savings Plan
Stanford Center for Professional Development

Student Loan Repayment Program

What’s better than a college degree? Having someone else pay for it.

If you graduated within the past three years, you can apply for reimbursement of $6,000 each year to help repay your student loans, up to $30,000!

What’s Covered

Eligible Expenses Ineligible Expenses
Federal Perkins Loans Late fees
Private student loans Installment plan/deferred payment fees
Subsidized Stafford Loans (FFELP/Direct) Direct Parent PLUS Loans
Unsubsidized Stafford Loans (FFELP/Direct) Loans not in your name
Health Professional Loans Other methods of educational finance, such as a home equity loans or loans from retirement accounts
Grad PLUS Loans (FFELP/Direct) Loans from outside the U.S.
Student Consolidation Loans  
Student Refinance Loans  

The Fine Print

To be eligible, you must be a full- or part-time U.S. employee working 20 hours or more per week, and have completed three months of continuous service. Interns, Co-ops and other temporary employees are not eligible.

The monthly reimbursement limit is $500, or your monthly payment amount, whichever is less. Payments are made directly to the loan servicer. The reimbursement you receive each year is taxable. It will be considered part of your gross income for the year you receive it.

What Else

If you have a current degree with no student loan debt, or are going back to school for an advanced degree, such as a Master’s or Doctorate, you will become eligible for the Student Loan Repayment Program upon graduation, as long as you graduated within 3 years.

For more details, see the FAQs [PDF].

How To Apply

Go to Student Loan Repayment Program to submit your application. Your default password is your 8-digit employee id (use leading zeroes to create the full 8 digit number, e.g., 00012345). You’ll typically receive an email to confirm receipt of your application the day you submit it. Within seven business days you’ll get an email with your payment request status.

TUITION REIMBURSEMENT PROGRAM

Take your knowledge to the next level with NVIDIA’s Global Education Assistance Program. It reimburses qualified educational expenses for employees who take classes through accredited institutions, including colleges and universities, Coursera, and edX.

Employees must request approval prior to enrollment in the course and must submit for reimbursement within 90 days of receipt of grades to be eligible for reimbursement.

All requests must be submitted by December 8 to be eligible for reimbursement during the current tax year.

For more information on eligibility and the tuition reimbursement process, review our policy at nv/geap or go to NVINFO > My Info > L&D Info.

For questions, contact HR-EDU-ASSIST@nvidia.com.

Student Loan Refinancing

Make your student debt go away faster. 

As an NVIDIA employee, you get to enjoy a customized application experience, dedicated customer service and a welcome bonus of $200–$500 when your loan is approved. Learn more on the SoFi website.

Here’s why you should look at refinancing your student loan through SoFi:

  • Savings: Variable rates with AutoPay.
  • Convenience: You can consolidate all your loans into one loan with one bill.
  • No fees, no catch: No application or origination fees and no pre-payment penalties.

SoFi also offers parent loans and parent PLUS loans, and personal loans, mortgage loans, and refinancing.

Learn more.

529 College Savings Plan

Saving for future college expenses can be daunting. NVIDIA’s 529 College Savings Plan with ScholarShare helps make it easier to save. Enjoy the convenience of making your deposits by payroll deduction, while seeing your balance grow with tax-free earnings. Enrollment information and plan details are available at ScholarShare.

STANFORD CENTER FOR PROFESSIONAL DEVELOPMENT

Stay current with job-related higher education through Stanford University. NVIDIA’s partnership with the Stanford Center for Professional Development enables eligible employees to take select courses and certificate programs with no out-of-pocket tuition cost. These courses can also be applied toward a master’s degree.

See eligible programs and courses.

For more information on eligibility, review our policy at nv/scpd or go to NVINFO > My Info > L&D Info.

For questions, contact HR-EDU-ASSIST@nvidia.com.