It’s no secret that CarMax is consistently ranked as one of the top places to work. CarMax is one company that listens to what their employees want and delivers. CarMax offers tuition reimbursement for eligible employees who want to further their education. Keep on reading to learn how to take advantage of CarMax’s Tuition Reimbursement Program with our step-by-step guide.
Also see: Scholarships for students studying the automotive trade
Amount of tuition assistance available
CarMax tuition reimbursement will reimburse employees up to $800 per approved course with a maximum of $5,250 per year for full-time associates and $2,500 for part-time associates. These funds can be used for the cost of tuition as well as books and required course-related fees. Please be advised that we could not find an updated amount online, so the actual amount may differ.
It is important to note that employees must earn a C-minus or better in order to receive reimbursement.
CIAT discount
The California Institute of Applied Technology or CIAT provides CarMax employees with a 50% tuition discount, allowing CarMax employees to use their employer benefits to cover all or most of their tuition expenses.
Step-by-step guide to get tuition reimbursement at CarMax
1. Find a job at a nearby CarMax
To be able to receive CarMax tuition reimbursement, you need to be a part-time or full-time employee at CarMax! So, how do you score a job at CarMax?
To begin, look on CarMax’s career website for any open positions near you. CarMax has a range of roles you can fill. Some examples of categories for available positions include:
- Auto technician and services
- Contact center
- Corporate and auto finance
- Technology, product and data science
- Fleet driver and transportation
Since CarMax is a big company with differing roles available for employees, be sure to select something that you are interested in! If you are unsure of what you want to do, CarMax gives tailored job recommendations to individuals who visit their career website based on their interests.
Remember, full-time employees receive the most tuition reimbursement eligibility so be ready to select a position you will be happy and qualified in!
2. Land the job and work either part-time or full-time
Now that you have gone through the work of receiving a job offer, it is time to decide if you will be a part-time or full-time employee.
Part-time employees will be eligible for up to $2,500 in tuition reimbursement per year.
Full-time employees will be eligible for up to $5,250 in tuition reimbursement per year.
Understanding the tuition reimbursement benefits for part-time vs full-time employees can help you make the decision of which would be more beneficial for you. Reflect upon your needs to reach a conclusion.
3. Choose an eligible institution and degree program
CarMax offers employees a lot of flexibility in their studies. Most companies that offer tuition reimbursement want their employees to pursue a degree that relates to their current role at the company. However, CarMax encourages employees to select a degree in their field but ultimately allows employees the freedom to receive any degree they would like.
Therefore, select an area of study that interests you! Remember, obtaining a degree is a big deal. So, choose something that you are passionate about and will help you further your career and reach your goals.
Likewise, CarMax also offers flexibility in the institution employees want to study at. Their only requirement is that their employees receive their education from an accredited college or university. Therefore, make sure you do your research to ensure that the institution you enroll in is accredited.
Many employees, whether part-time or full-time, tend to select online schools to receive their education.
Online institutions give workers the freedom to complete their schoolwork at times that work around their schedules.
Also see: Top scholarships for online students
4. Enroll in the CarMax Tuition Assistance Program
Eligible employees must enroll in Edcor, the company that manages the CarMax tuition assistance program. Before you can access the Edcor portal, you must first register with Wageworks, CarMax’s main provider of employee benefits. After enrolling in Edcor, you can fill out an application and/or submit for reimbursement
5. Begin learning at a discounted rate!
Congratulations! It is now time to further your education as a CarMax employee. We wish you the best of luck in your new academic journey! Remember, you have a lot of resources at your fingertips being a CarMax employee so take advantage of them! Reach out to your bosses and coworkers for help during your journey.
Next steps for students
Now that you have read all about CarMax’s tuition reimbursement, we encourage you to begin to take the steps to make you eligible for it! However, if any reason is preventing you from taking advantage of CarMax’s tuition reimbursement – do not worry! Luckily, so many companies have begun to implement tuition assistance as a part of their employee benefits. This includes Geico, AT&T, Target, Starbucks, and a lot more! So check out some of the other companies offering tuition assistance and select the best situation for you!
And remember, in addition to tuition reimbursement, students of any age and situation can apply for scholarships at every stage of their educational journeys!
Frequently asked questions about Carmax’s tuition reimbursement
Who qualifies for tuition reimbursement?
What is covered under CarMax’s tuition reimbursement?
What happens if I leave CarMax shortly after receiving tuition reimbursement?
How do I track my expenses and submit reimbursement requests?