Education News

Starbucks pays for employees’ college

Starbucks pays for employees’ college

Employees’ online college enrollment at Arizona State University will be paid for by Starbucks.

Starbucks is offering to pay for its employees’ college courses, as part of their College Achievement Plan. Those who work at least 20 hours a week can enroll into Arizona State University’s online program. Freshmen and sophomores will receive a partial scholarship plus need-based financial aid, and upperclassmen will have the opportunity to finish their degrees for free.

The program is intended to help individuals who are “swirling.”  These include the 37 million Americans who have some college credit but no degrees, many of whom are constantly transferring colleges. Of the 135,000 U.S. employees working at Starbucks, 70% are current or aspiring students.

The CEO of Starbucks, Howard Schultz, says of the program, “This is not about making more money; this is about attracting and retaining great people.” That statement may very well be true. Starbucks is projected to lose millions, and employees have no obligation to keep working after obtaining their diplomas.

Other companies such as McDonald’s, Dunkin Donuts, Walmart, and Costco also offer discounted online degree programs to their employees.

Read the entire story on NPR News.
Learn more about Starbucks College Achievement Plan.

Photo Courtesy: CNN

Submitted by Sean Walker, COSA Ambassador