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"I don't feel it is in my personal benefit to spend my energy and time outside of work, chasing a end goal that will not favor me personally. This certificate was not a requirement for me being hired, and I am not being reimbursed for said spent time and energy. If this is something that the company is interested in pursuing, I am more than happy to continue working on it as long as I am reimbursed for my time. A chance at promotion with no compensation in current day, does not guarantee enough of a reward for it to be worth my time."
Know your worth OP, companies will burn you time and time if they think they can. Don't learn the hard way like I did, or my grandfather did (he did a masters degree fully out of pocket because there was an increase in pay involved + a massive bonus, the removed the bonus and halved the increase in pay the year he graduated). It's a well known scam used by employers in specialized fields to avoid having to actually pay for training and certs.
Additionally you may want to note that if they try to say that you need to cert to stay at the company, mention that in that case it's mandatory training and you are supposed to be paid for time spent, and if they refuse look into an employment lawyer for wage theft.