Bank of America Tuition Reimbursement & Requirements 2026

Tuition reimbursement (or tuition assistance) is a benefit employers offer to help employees cover the cost of their college degree, certification, or continuing education credits. Companies that offer tuition reimbursement through their employee benefits assist workers' professional development as they aim to become stronger performers in the workplace.

Tuition assistance programs typically allow a maximum amount for reimbursement. Programs also have employee eligibility restrictions based on the timeframe they've been employed, whether they work full-time or part-time, which courses they take, and the type of institution they attend.

Bank of America (or BofA Securities) is one of many companies offering its employees a tuition reimbursement program. Below, we'll review the specifics of this employee assistance program, including its reimbursement limit, eligibility requirements, partnerships, and application process.

Does Bank of America Offer Tuition Reimbursement?

Bank of America Corporation offers tuition reimbursement benefits to eligible employees taking job-related courses. Workers could also have tuition costs reimbursed for college degree programs and professional certification exams relevant to Bank of America employees' current positions.

Bank of America works with schools like the California Institute of Applied Technology (CIAT) to help employees get an education at a reduced price. For example, CIAT has offered a tuition discount to Bank of America employees to make course costs more affordable. Employees who benefited from this discount could add their employer benefits to reduce their out-of-pocket costs, so they paid little or nothing for school expenses.

Understanding Bank of America's Tuition Reimbursement Program

Bank of America employees can have their career development covered through tuition reimbursement that pays for job-related courses, degrees and professional certifications. Here's a look at some specifics of this financial aid program.

Tuition Assistance

The Tuition Assistance Program & Academic Support Program from Bank of America helps workers further their education and strengthen their skills in the workplace. Supporting its employees' growth and development creates stronger talent that helps enhance the company's performance.

Bank of America's tuition reimbursement program offers up to $7,500 to cover eligible expenses, including tuition costs for degrees and some academic and professional certification courses. While the program doesn't explicitly state that the reimbursement covers books and supplies, The Academy offers access to books, articles, courses, videos, and self-paced learning through its Academy On-demand and Learning Hub platforms.

Eligibility

Bank of America doesn't publish much information on what employees are eligible for their tuition assistance program. Current Bank of America employees who want to know if they qualify should log into their benefits portal to learn more.

Application Process

Like with eligibility, Bank of America doesn't publish much public information on how to apply for their tuition assistance program. However, you should be able to find application information and assistance through your benefits portal.

Additional Academic Support From Bank of America

In addition to tuition reimbursement, Bank of America offers several programs designed to support employees and students at different stages of their academic and professional journeys. These resources focus on college planning, early career development, and internal career training.

College Coach

Bank of America provides access to a College Coach benefit to help employees and their families navigate the college planning process. This resource offers guidance on selecting schools, understanding financial aid, preparing applications, and exploring scholarship opportunities.

The program can be especially helpful for employees with children preparing for college, as it offers personalized advising and tools to simplify what can often feel like a complicated process. By extending this benefit to families, Bank of America supports educational goals beyond the workplace.

Campus Program

Bank of America’s Campus Program is designed for current college students and recent graduates seeking internships or early career opportunities. Through internships, analyst programs, and development tracks, students gain hands-on experience within various areas of the company.

These programs allow participants to build professional skills while exploring potential long-term careers at Bank of America. For students pursuing degrees related to finance, technology, operations, or business, the Campus Program can serve as a direct pipeline into full-time employment.

The Academy

The Academy is Bank of America’s internal onboarding and career development organization. It provides structured training programs, professional development courses, and skill-building resources to help employees succeed in their roles.

Through classroom-style instruction, virtual training, and self-paced learning options, The Academy supports career mobility within the company. Employees can use these resources to strengthen technical skills, leadership abilities, and role-specific competencies, making it a key component of the company’s broader educational support system.

How Bank of America’s Tuition Assistance Compares With Other Financial Institutions

Many large banks offer tuition reimbursement as part of their employee benefits packages. While the overall goal is similar — supporting professional development — the structure, funding caps, and program transparency can vary across institutions.

Bank of America vs. Wells Fargo

Wells Fargo offers tuition reimbursement for eligible employees pursuing job-related degrees and coursework at accredited institutions. Like Bank of America, eligibility typically depends on employment status and manager approval. However, Wells Fargo publicly outlines annual reimbursement caps, while Bank of America provides fewer publicly available details about eligibility and program structure. Both companies position tuition assistance as part of broader career development efforts within the organization.

Bank of America vs. JPMorgan Chase

JPMorgan Chase offers tuition reimbursement benefits to eligible employees and has publicly shared annual funding caps for undergraduate and graduate coursework. Similar to Bank of America, coursework generally must be job-related and approved in advance. One distinction is transparency — JPMorgan Chase provides clearer public guidance on eligibility timelines and benefit amounts, while Bank of America directs employees to internal portals for detailed program rules.

Bank of America vs. Citigroup (Citi)

Citi also provides tuition reimbursement for eligible employees pursuing job-relevant education. Like Bank of America, reimbursement typically applies to accredited institutions and requires prior approval. The primary differences often lie in reimbursement limits and eligibility timing, which vary by employer and role. Bank of America’s program is closely integrated with The Academy, reinforcing its emphasis on internal training alongside formal education benefits.

Key Differences to Consider

When comparing tuition reimbursement across major banks, keep these factors in mind:

• Annual Reimbursement Caps: Some institutions publicly share yearly funding limits, while others provide details internally.
• Program Transparency: Banks differ in how much eligibility and application information is available to the public.
• Integration With Career Development: Bank of America ties tuition assistance closely to The Academy and structured internal training programs.
• Job-Related Requirements: Most financial institutions require coursework to align with your current role or career path within the company.

If you're evaluating banking employers based on education benefits, reviewing internal documentation and confirming approval requirements before enrolling in classes is essential.

FAQs About Bank of America Tuition Assistance

If you’re considering using Bank of America’s tuition assistance benefit, you may have questions about degree eligibility, funding limits, and approval requirements. Below are answers to some of the most common questions employees ask before enrolling.

Does Bank of America Pay For Your MBA?

Bank of America does not state specifically that it will cover a Master of Business Administration (MBA) degree program. However, the company's tuition reimbursement program does cover graduate courses. If you're interested in being reimbursed for an MBA program, contact BofA for more information.

How Much Does Bank of America Reimburse for Tuition?

Bank of America offers up to $7,500 per year in tuition reimbursement for eligible employees. The exact amount reimbursed depends on approved coursework and program guidelines. Employees should review annual caps and eligible expenses through the company’s internal benefits system.

Do Courses Have to Be Job-Related?

Yes, tuition reimbursement typically applies only to coursework that supports your current role or future career path within Bank of America. Manager approval is generally required before beginning classes. This ensures the education aligns with professional development goals.

Are Professional Certifications Covered?

In some cases, professional certification programs and exams may qualify if they are relevant to your position and approved in advance. Coverage details can vary depending on the certification and role. Employees should verify specific eligibility requirements before registering.

How Do I Know If I’m Eligible?

Bank of America does not publish detailed public eligibility criteria. Employees should log into their internal benefits portal or contact Human Resources for the most accurate and up-to-date information. Eligibility may depend on employment status, role, and time with the company.

Earn Your College Degree

Start your journey toward earning a college degree by exploring the schools and benefit programs featured on Learn.org. Reach out to individual institutions or log into your benefits portal to learn more about how you can further your education.