UMass Lowell, Enterprise Bank partner for executive education
The University of Massachusetts and Enterprise Bank have partnered to launch a new tuition assistance programme that will offer financial support to eligible bank employees pursing degree courses at UMass Lowell.
The tuition assistance programme will allow employees to delay tuition billing until after the course is completed and grades are released. Students who meet grade qualifications will also enjoy a tuition fee waiver, as a part of Enterprise Bank’s new Total Rewards Programme.
Chief human resources officer, EVP, Jamie Gabriel said, “By fostering educational growth, the tuition assistance partnership with UMass Lowell positions our new and existing team members for advanced career development opportunities. We look forward to the continued success and value that this partnership will bring to our team members’ career opportunities here at Enterprise Bank.”
Vice provost for graduate, online and professional studies at UMass Lowell, Steven F. Tello expressed pleasure at this announcement. Tello said that the university is pleased to expand its long-term partnership with the Enterprise Bank through the implementation of this employee-benefit programme.
This programme enables bank employees to enroll in courses at UMass Lowell to enhance their effectiveness in their positions, and to enhance their potential for advancement to a position within the bank.
This programme is open to all bank employees, including new hires.
He added, “This partnership will provide tuition remission and deferment benefits for Enterprise Bank employees enrolled in one of UMass Lowell’s highly respected undergraduate or graduate business programs. We value corporate education partnerships like these that enable us to strengthen the skills and knowledge of our local workforce, benefiting the individual employees, their employer and the greater community.”
One participant of the programme who is a systems engineer with Enterprise Bank, Dean Frechette said, “One of my goals has always been to get my master’s degree in information technology and I am very excited that the bank’s Tuition Reimbursement Programme allows me to work toward that goal. Additionally, the new partnership with UMass Lowell makes it even easier to get started with the program and attend a high-quality university.”
Employees of the bank also enjoy other educational benefits offered by this programme. These benefits include traditional reimbursement of tuition for degrees, certificate programmes, and professional certifications, and assistance with student loan payments.
The bank has also launched a similar programme by partnering with the Middlesex Community College.