There is no denying that college is expensive. It doesn’t matter whether you attempt to acquire a traditional degree or an online degree either; pursuing a higher education takes some serious cash. And while loans and scholarships is the route that many take to pay for school, these options may leave you in debt or only cover partial tuition costs, respectively.
However, if you are looking for a way to go to school completely free while being guaranteed a job directly after graduation, an alternative way is to find a “corporate sponsor” to foot the bill.
What is a Corporate Sponsorship and how does it Work?
Many are familiar with “tuition reimbursement” programs— an employer from a large company pays back the money (or partial money) that an employee spends on his or her education once they’ve graduated from college. Many school districts, hospitals and governmental agencies have tuition reimbursement programs. A corporate sponsorship program on the other hand pays a student’s tuition bill up front; in return, the student must contractually commit to work for his or her “investor” for an allotted amount of time, typically anywhere from 3 to 5 years after graduation. After the contract negotiations are met and the committed working time is completed, the former student is free to stay within the company (if a job offer is still given) or move somewhere else.
Why do Corporate Sponsors Exist?
In a nutshell, employers want to make sure that they hire the most qualified person for the job, and what better way to ensure that they’ve hired the best person imaginable than by monitoring a future-employee’s quality of education? According to experts, corporate sponsorship is gaining a lot of popularity within the healthcare industry, especially because the cost to pursue a degree in the medical field is increasing. More specifically, pharmaceutical companies are prone to participate in corporate sponsorship. But how do you try to get a company to sponsor you if this the route you want to take?
How to Find Corporate Sponsorship?
One of the easiest ways to go about this is to do a simple Google search. Most businesses will publicly announce that they do in fact provide corporate sponsorship on their websites and will provide information for those interested about how to apply.
If you do not come across an ideal corporate sponsorship program on the web, another alternative you have is to convince a company to actually start a program. A good way to go about this is to formulate a list of companies that you would like to work for—”like to work for” is a key component because you will be required to work for this company for “x” amount of years and there is nothing worse than working for someone/somewhere you despise. You also want to make sure that the companies on your list are large corporations and not a “mom and pop” business—you want to make sure that the employers can actually afford to send you to college.
Once the list is established, call each company individually and ask to contact the company’s Human Resources Department. First inquire if a corporate sponsorship already exists. If the answer is no, ask if the company would be interested in establishing one. Prepare a little speech about what corporate sponsorship is and how it could benefit the company. If the answer is yes they are interested, then be prepared to undergo an interviewing process. Here, you will need to use your best marketing skills to convince employers you could potentially be a viable asset to the company and to invest money on you.
This guest post was written by Donna Reish, a freelancer who blogs about best universities. She loves to write education, career, frugal living, finance, health, parenting relating articles. She can be reached via email at: donna.reish13@gmail.com.
Photo Credit: rockinfree
Featured in the Carnival of Wealth #39 hosted by Personal Dividends.
FYI: I have nothing to do with corporate sponsorships and can’t help you look for one. This is just an informational post written by someone else to give you ideas. Please research it for yourself.
[...] Wealth.The world did not end and the Carnival of Wealth continues … CareersFanny Seto presents How to Get Corporate Sponsorship to Pay for College posted at Living Richly on a Budget, saying, “Here is an alternative way to pay for [...]
help me get conected 2 one of the coperate companies
[...] insurance may be given to the both of you. Regarding aid for school, there's FAFSA, and PELL. You could also get a corporate sponsor. You could also inquire if your college has any programs that allows you to do work and be able to [...]
am kenyan seeking for sponsorship for my education am taking diploma in residential electrician for about two years
ineed your help
fee needed it about $989.00
Am Kenyan seeking for my education. I haven’t gone to college yet nor applied for any college because am not sure where to get the admission money. Please i need like $ 1000.00 to settle my education progress.
hello sir or madam i am zukisa from south africa and looking for a sponsor for my college fee.I am in need of a sponsor because it came to a point in my life where its even hard to pay for registration fee at my college and my mother and my father are struggling a lot to pay for me.Please do help because my little brother’s school fees is also expensive so my parent can not afford to pay money for both of us.Please do help. God bless u
Am gita 4rm uganda seeking help in form of sponsership for my education because am really on the wall.any help granted pliz call me on 0704123622
I am Lawrence Miriti.
I am kenyan, living in Meru, Ia seeking for sponsorship for my education in order my self and my family. I am taking diploma in Accounting and finance. This cause takes two years. I have already done some Examinations, but studing at home. I will be very happy if yuo can help finish he remainig year ofthe school. I am really
ineed of your help.
am looking for a sponcor to further my post diploma thnk you
can you help me get a corporate sponsor for aeronautical engineering in china?
I need a sponsor please!!
Really need it
please, am in need of corporate sponsorship. i completed my o’level in 2009 in kenya and attaind a B- in KCSE.
i would like to study degree in environmental science.
hello, my name is nardos i am from ethiopia and i came in the united states to learn now i’m in high school and i can’t afford to pay for college and i want to know if any one would help me
hello my name is VICTORIA HENRY MASUE i am from Tanzania i real find a sponsor to pay for my diploma level at KCMUCo at Tanzania because am live with my grandparents and no one can save me to pay that fees i need 1.3 million per year so please help me because no good life without education in this would and i studing the faculty of MEDICAL LABORATORY. Thanks and GOD BLESS
Hae am leonida wanga a kenyan lady am in college i got credit in first term i need sponsorship so that to continue with my education this term please help
i am a pinay 18 of age i am looking for someone to send me to college cause my parents cant afford anymore my tuition.
my name is frank from Tanzania,am looking for someone who can provide me with college fee atleast for one year
hey,is the Corporate Sponsorship for American only or includes foreigner students? if it is for American only, is there any programs for foreigner students