Nurses, employers can benefit from tuition reimbursement: 4 things to know

Nearly 80 percent of millennial nurses and 57 percent of Generation X nurses plan to pursue higher education to boost their salaries and advance their careers, according to a 2017 audience survey. Tuition reimbursement can be a major job perk for nurses.

Here are four things to know:

1. Only 49 percent of more than 4,500 surveyed U.S. nurses can receive tuition reimbursement benefits from their employers.

2. Less than 40 percent get paid or reimbursed for continuing education.

3. There has been a push for higher education in the nursing profession. In December 2017, New York became the first state to pass the "BSN in 10" law, requiring all nurses to obtain a BSN within 10 years of receiving their nursing license, unless they are grandfathered in. New Jersey has similar pending legislation, and other states are considering a similar move.

4. According to a 2016 study conducted by Cigna Corp. and the Lumina Foundation, tuition reimbursement can benefit employers and improve the bottom line. Cigna's tuition reimbursement benefit offers the health insurer a 129 percent ROI; according to the Lumina Foundation, about 60 percent of employers offer tuition reimbursement.

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