Bank of America Tuition Assistance (2026)
What Bank of America's own page says about Tuition assistance, field by field, with the gaps marked so you know what to ask HR. Checked 2026-10-14.
“Employees looking to further their education can receive up to $7,500 per year in tuition assistance when pursuing job-related courses, degrees and professional certifications.”
Tuition assistance: the published terms
| Run by | Bank of America |
|---|---|
| Annual dollar cap | $7,500 per yearUp to $7,500 per year for job-related courses, degrees and professional certifications. |
| How it pays | Not stated on the employer's page |
| Part-time eligible | Not stated on the employer's page |
| Waiting period | Not stated on the employer's page |
| Who is eligible | U.S. employees; the page does not list hours or tenure rules |
| What it covers | Job-related courses, degrees and professional certifications |
| Repayment if you leave | Not stated on the employer's page |
Note: The page does not say whether the amount over $5,250 is reported as taxable wages. Under IRS Pub. 15-B only $5,250 a year is excluded under an educational assistance program, unless the benefit qualifies as a working condition benefit.
How much of it is tax-free
Under a written educational assistance program, an employer can exclude up to $5,250 a year from your wages; anything above that is wages unless it qualifies as a working condition benefit (IRS Pub. 15-B, Educational Assistance). Bank of America's published cap of $7,500 is $2,250 above that line, so up to $2,250 a year could be taxable wages unless it qualifies as a working condition benefit.
Run your amount through the tuition reimbursement calculator
What to ask HR
Bank of America's page leaves 4 of 7 terms unstated. Ask for the written plan, and these:
- Is tuition paid up front to the school, or reimbursed after the course?
- Are part-time employees eligible, and is there a minimum number of hours?
- How long do I have to work here before I can use it?
- Do I have to repay anything if I leave within a set time?
Keep reading
Other employers
Sources and date checked
Every number and rule on this page comes from the pages below, read on October 14, 2026. If a source changes, this page can be out of date until it is rechecked.
- Benefits (careers.bankofamerica.com)
Every field and the quote on this page.
- IRS Publication 15-B (2026), Employer's Tax Guide to Fringe Benefits
The $5,250 annual exclusion for educational assistance and the working condition rule.
Not tax advice. This page is general information built from IRS publications, not advice for your situation. Plan rules, state law and your own facts can change the answer. Confirm with your plan administrator or a tax professional before you act.