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!
|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.
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.
Invest in your career. NVIDIA reimburses up to $5,250 each year for qualified job-related educational expenses, including tuition and books, when you earn a “B” or better in your class. NVIDIA also pays for eligible employees to complete an engineering master’s degree through the Stanford Center for Professional Development.
How It Works
- Complete the Tuition Reimbursement Application on NVINFO and obtain your manager’s signature or email approval
- Enroll in your course at an accredited educational institution
- Complete your course
After Receipt Of Grade
You must submit all items below no later than 90 days after receipt of your grades to be eligible for reimbursement. Please scan and email the following three documents to HR-EDU-ASSIST@nvidia.com:
- Completed Tuition Reimbursement Application and manager approval (approval may be a signature on the form or an email)
- Proof of your course completion and final grade
- Receipt of your paid fees
All expenses must be submitted by December 10 to be eligible for reimbursement during the current tax year.
Make your student debt go away faster. SoFi hooks you up!
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.
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.