Starbucks employees in US will now be eligible for a free college education through Arizona State University\\\'s online program.
By Indian Retailer Bureau
Starbucks employees in US will now be eligible for a free college education through Arizona State University's online program.
Starbucks College Achievement Plan aims to empower thousands of US employees to complete a bachelor’s degree with full tuition reimbursement.
The collaboration creates prototype for narrowing America’s education divide with nearly 50 percent of college students not finishing a degree.
This significant investment will create an opportunity for eligible employees to finish a bachelor’s degree with full tuition reimbursement for juniors and seniors, through a unique collaboration with ASU’s research-driven, top-ranked degree program, delivered online.
Through this innovative collaboration, US employees may choose from more than 40 undergraduate degree programs taught by ASU’s faculty such as electrical engineering, education, business and retail management.
Partners admitted to ASU as a junior or senior will earn full tuition reimbursement for each semester of full-time coursework they complete toward a bachelor’s degree. Freshmen and sophomores will be eligible for a partial tuition scholarship and need-based financial aid for two years of full-time study. Partners will have no commitment to remain at the company past graduation.
“In the last few years, we have seen the fracturing of the American Dream. There’s no doubt, the inequality within the country has created a situation where many Americans are being left behind. The question for all of us is, should we accept that, or should we try and do something about it,” said Schultz in a press statement.
“Supporting our partners’ ambitions is the very best investment Starbucks can make. Everyone who works as hard as our partners do should have the opportunity to complete college, while balancing work, school and their personal lives.”
Starbucks investment is designed to support the nearly 50 percent* of college students in the U.S. today who fail to complete their degrees due to mounting debt, a tenuous work-life balance and a lack of support.
“ASU is pioneering a new university model focused on inclusivity and degree completion, and Starbucks is establishing a new precedent for the responsibility and role of a public company that leads through the lens of humanity and supports its partners’ life goals with access to education,” said ASU president Dr. Michael M. Crow.
ASU is gaining national attention for its efforts to increase access to high-quality, rigorous education with a focus on inclusion and impact. ASU is ranked the second most innovative school in the country by U.S. News & World Report.
“Our investment in high-quality education will attract and retain passionate partners who will move our company and our economy forward,” Schultz said. “ASU’s commitment to provide any talented student from any family background and any income level with a top-notch education makes it the singular partner for Starbucks.”
In addition to financial support, Starbucks and ASU have developed an innovative retention model to support the unique needs of working students. Employees will have a dedicated enrollment coach, financial aid counselor and academic advisor to support them through graduation.
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