Ask Your Boss About This Idea
With tuition fees soaring, benefits experts predict that the RJR Nabisco initiative could spur other companies to think about instituting similar plans. “This is the leading edge, " says Denise Georgemiller, a benefits consultant with Hewitt Associates in Lincolnshire, Ill. Of course, the recession could derail even the best-intentioned employer. RJR Nabisco hasn’t estimated the total bill, but company officials say they expect the matched-savings plan and loan subsidies to cost between $5 million and $6 million annually-assuming that up to 7,000 children of employees will take part in the savings plan and 4,000 will want loans....