Back in 2012, I knew I wanted to pursue my Master’s degree but I was still paying off my undergrad student loans. Let me tell you, the last thing I wanted to do was accumulate more student loan debt! Thankfully I was aware of Mayo Clinic’s generous Professional Development Assistance Plan (PDAP) which provides up to $5,250 per calendar year in tuition reimbursement for graduate coursework.
When I graduated in the spring of 2015, I did the math and calculated Mayo reimbursed 9 out of 10 of my classes, for a grand total of $18,735. Granted most people don’t take two and a half years to complete a 20-month program, but I purposefully spread out my classes so I could optimize the tuition reimbursement program (and I had a baby in April 2014). This technique may not work for everyone but it certainly worked for me and my bank account.
So if you’re thinking about pursuing higher education, first do some research to see if you’re eligible for tuition reimbursement dollars. PDAP also reimburses up to $3,000 per calendar year for undergraduate credits and $500 for certain certifications.
Go to HR Connect and on the Mayo intranet and search “PDAP” to learn more.