Last year, Starbucks announced it would reimburse its employees for their junior and senior year of college if they did those years through Arizona State University's online program and met the proper requirements. Today, the company made the deal even better.
Employees can now get four years of tuition at the online school reimbursed. The program is offered to full-time and part-time employees. USA Today reports that employees who complete the requirements will get reimbursed after each semester. The average tuition cost for four years at ASU Online is about $60,000.
Since it started last year, about 2,000 Starbucks employees have enrolled in the Starbucks College Achievement Plan. ASU offers 49 undergraduate programs.
There are many impressive things about this program, including that Starbucks doesn’t require any employee who takes advantage of the program to continue working for the company after graduation. They can graduate from college free from student debt and head on their first post-college job without owing Starbucks a thing.
When I talk about college with my son, who's a sophomore in high school, he admits that he feels a bit defeated about the whole process, from the high level of debt that students graduate with and the difficulty some students have getting a job after graduation. It’s good to know there are options out there like this for him, and for all potential college students.
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