Starbucks will soon provide a free online college education to its employees
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People working at Starbucks just got a lot smarter, literally. The coffee chain plans to launch a new program on Monday that will pay for its employees to attend online college classes at Arizona State University. “I believe it will lower attrition, it’ll increase performance, it’ll attract and retain better people,” Starbucks CEO Howard D. Schultz told the New York Times. The program will be available to any of Starbucks’ 135,000 U.S. employees who work at least 20 hours per week and have the test scores needed to gain admission to the university. Those with at least two years of college credits will have their tuition fully paid by Starbucks. However, the program will only partially pay for workers with less than two years of college credits.

Starbucks will provide a free online college education to thousands of its workers, without requiring that they remain with the company, through an unusual arrangement with Arizona State University, the company and the university will announce on Monday. The program is open to any of the company’s 135,000 United States employees, provided they work at least 20 hours a week and have the grades and test scores to gain admission to Arizona State. For a barista with at least two years of college credit, the company will pay full tuition; for those with fewer credits it will pay part of the cost, but even for many of them, courses will be free, with government and university aid. “Starbucks is going where no other major corporation has gone,” said Jamie P. Merisotis, president and chief executive of the Lumina Foundation, a group focused on education. “For many of these Starbucks employees, an online university education is the only reasonable way they’re going to get a bachelor’s degree.” Many employers offer tuition reimbursement. But those programs usually come with limitations like the full cost not being paid, new employees being excluded, requiring that workers stay for years afterward, or limiting reimbursement to work-related courses.

Source:
http://www.nytimes.com/2014/06/16/us/starbucks-to-provide-free-college-education-to-thousands-of-workers.html

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