Allstate Tuition Planning
Allstate Employer Tuition Reimbursement can be a very helpful option for financing your MBA, but there is a lot of information to understand about it.
We encourage you to start this process early by contacting the appropriate department or personnel at Allstate to determine the specifics of Allstate's tuition reimbursement.
Be sure to be mindful of determining whether Allstate's plan fits both your educational goals and your own financial situation
Please note: Regardless of Allstate's tuition reimbursement program, you are directly responsible for all payments to LFGSM. You must clarify with Allstate the terms of reimbursement.
Allstate employees who participate in Employer Tuition Reimbursement – and attend classes on-site at Allstate – are allowed to carry their account balance for two weeks after they receive their grades, as long as they have a current Lake Forest Tuition Reimbursement Verification form for Allstate on file. In this situation, you will not incur finance fees.
Please note: Allstate employees who participate in Employer Tuition Reimbursement – and attend classes on-site at Allstate – are liable for a 9% per annum monthly finance fee assessed on any unpaid balance after 90 days.
For example, if your unpaid balance is $2,795.00, you are liable for a monthly finance fee of $20.96. To prevent financial or program eligibility penalties, your account balance must be paid within 90 days of the invoice date. If you still have an unpaid balance after 90 days, your account will be put on hold, meaning that you cannot receive grades or begin another Lake Forest MBA class until your balance is paid.
Please note: If you leave the Lake Forest MBA program on-site at Allstate to take classes at another Lake Forest MBA campus, you will incur finance fees on any unpaid balance after 30 days.
Statements and finance charges are issued on or near the 15th day of each month.
To qualify for tuition deferment, you must complete the Lake Forest MBA Employer Tuition Reimbursement Verification form for Allstate. Forms must be completed each year and returned to the LFGSM Business Officer at the beginning of Term I in order for your tuition reimbursement status to remain in effect.
To obtain the LFGSM Employer Tuition Reimbursement Verification form for Allstate, contact Sandy Turkington, LFGSM Student Accounts Manager, at 847.574.5228 or sturkington@lfgsm.edu.
For further information about tuition planning, go here.
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