Welcome to
 Teacher ProComp

Student Loan Reimbursement

Teachers use the same pot of money for both Tuition Reimbursement and Student Loan Reimbursement.

Eligibility

• Eligible Employees must be an active participant of ProComp and must have a status of active with benefits (AB), leave with pay (LP), leave summer pay/benefits (LR), or FMLA leave (LF status in Lawson, which is currently unused) at the time of submission and payout.
• Employees can receive a maximum of $1000 per year (September -August) or $4000 lifetime educational reimbursement whether it is tuition, student loan reimbursement or a combination of both.
• Student loans taken out prior to participation in ProComp are eligible. Only outstanding loan balances are eligible for reimbursement. 

How to Receive Payment

• Eligible Employees must be an active participant of ProComp and must have a status of active with benefits (AB), leave with pay (LP), leave summer pay/benefits (LR), or FMLA leave (LF status in Lawson, which is currently unused) at the time of payout in order to receive payment.
• To begin the payout process, employees submit a student loan reimbursement request form to Payroll Business Services. Include proof of outstanding loan balance (a loan payment coupon, invoice, or other statement).  Employees may submit more than one reimbursement request.
• Employees who submit completed paperwork and documentation by the payroll deadline (currently the 10th of the month) should be paid on the end of the month paycheck. 
• Student loan reimbursement payments are considered taxable income and will show up on the employee's W-2 (Box 1).