CarMax Tuition Reimbursement Program 2025

Many companies offer paid time off and health insurance, but one additional benefit that is becoming more popular is assistance with college tuition. Tons of companies now offer tuition assistance, including Google, Amazon, Target, and Disney. One of the best companies that offer tuition reimbursement is CarMax.

Eligible employees at CarMax can receive reimbursement for college tuition and related expenses, allowing them to reach their education goals with less student debt. Additionally, the CarMax Tuition Assistance Program gives students access to tuition and textbook discounts. Keep reading to learn more about the CarMax tuition reimbursement program.

How To Get CarMax Tuition Assistance

The CarMax Tuition Assistance Program helps CarMax employees continue their education. Through this program, offered in conjunction with Edcor, eligible full-time and part-time associates can be reimbursed for eligible expenses for tuition, textbooks, and required course-related fees.

This tuition reimbursement covers any expenses you paid out of pocket. This means it won't cover anything covered by financial aid, including student loans. Employees will need to sign up within 30 days of the start of the semester and need to upload proof of tuition costs and grades at the end of the semester.

Additionally, students can receive reduced tuition rates through specific colleges and universities, allowing them to maximize their tuition assistance. For example, Carmax employees can receive a 15% tuition reduction scholarship at National University.

What Is Edcor?

Edcor is a company that helps employers, like CarMax, manage their educational benefits for employees. Edcor manages benefits like tuition assistance and reimbursement, student loan assistance, and scholarship administration.

Edcor facilitates the CarMax tuition reimbursement program; all requests for reimbursement are done through the Edcor portal. It also offers scholarships and tuition discounts through the schools in its network. While the full list of schools is only available to team members, it includes:

• Michigan State University
• University of Florida
• University of Notre Dame
• Villanova University

In addition, Edcor offers a textbook discount program as well as advising and counseling to help students make the most of their employee benefits and finish their degree program.

How Do You Qualify for the Tuition Reimbursement Program?

Although not all CarMax benefits are available to part-time employees, both part-time and full-time employees can take advantage of the tuition reimbursement program. The company does not list a minimum number of hours you must work per week to qualify.

Additionally, the company's benefits website does not say how long you have to have been working for CarMax to receive the benefit, but many benefits on the website are available after 30 days of your start date.

While the company does not list any specific school requirements, most tuition assistance programs are only available for programs at accredited institutions. It's wise to choose an accredited institution anyway, but check with your benefits manager if you have additional questions.

To receive your tuition reimbursement benefits, you'll need to submit an application within 30 days of the start of the semester. At the end of the semester, you'll need to submit a transcript with your grades and bill showing the cost of tuition and how much you paid out of pocket.

How To Apply for CarMax Tuition Assistance

There are a few steps required to apply for the CarMax Tuition Assistance Program:

1. Determine your eligibility: Most full-time and part-time employees are eligible for CarMax tuition reimbursement, but it's always wise to check your eligibility before applying.
2. Create a financial aid plan: CarMax only covers what you pay out of pocket, and you must pay that amount before CarMax pays you back. Look at your finances and financial aid options to determine the best way to pay for your tuition to maximize your benefits.
3. Enroll in your program: If you aren't already enrolled in school, you'll need to choose, apply, and enroll in your degree program.
4. Submit an application for reimbursement: Through Edcor, you'll need to submit your application for reimbursement within 30 days of the start of the term.
5. Complete the term: Focus on your studies and complete the term. You may need to have a passing grade in order for CarMax to offer the reimbursement.
6. Submit required items: At the end of the term, you will need to submit proof of grades as well as evidence for the amount you paid out of pocket for your tuition.

FAQs About CarMax Education Benefits

While tuition reimbursement is a major perk for eligible employees, the process can be confusing. We've answered a few frequently asked questions about CarMax education benefits below.

How Much Does CarMax Offer in Tuition Reimbursement?

CarMax does not list a maximum amount for the tuition reimbursement program. However, employees on Reddit say that they were able to use over $5,000 per year. A common cap for these types of programs is $5,250 per year, as that is the max allowed before it's taxed according to the IRS.

What Schools Does CarMax Pay For?

CarMax doesn't provide a list of specific schools that it pays for; it appears that this program extends to, at the very least, accredited institutions. However, through Edcor, students can get discounts and scholarships at specific schools. Log in to your account to see the full list.

What Degrees Does CarMax Pay For?

There is no mention from CarMax about what specific types of degrees the company will reimburse. Most of the time, these types of programs are geared toward undergraduate degrees, but sometimes graduate programs and certificates are covered as well.

What Is Covered Under CarMax's Tuition Reimbursement Program?

Through the CarMax tuition reimbursement program, eligible employees can be reimbursed for expenses for tuition, textbooks, and required course-related fees. There may be certain requirements for these items; check with your benefits manager or log in to your Edcor account to learn more.

Earn Your College Degree

Find the perfect college degree for your CarMax benefits by exploring the programs featured on Learn.org. Reach out to individual schools to learn more about enrollment, admissions, and financial aid.