Starbucks will now cover 4 years of college tuition for employees
Now that's a work perk: On Monday, Starbucks announced that instead of covering two years of college tuition for employees, it is doubling the benefit to four years.
The company is partnering with Arizona State University's online degree program to offer all eligible full-time and part-time employees tuition reimbursement for a four-year bachelor's degree, USA Today reports. ASU Online offers 49 undergraduate degree programs with the average tuition setting a student back $60,000 over four years. Starbucks is planning to invest at least $250 million in the project, with the goal of helping at least 25,000 employees graduate by 2025.
More than 144,000 employees currently qualify for the program, almost 2,000 are already enrolled, and they do not have to stay with the company after receiving their degrees. "By giving our partners access to four years of full tuition coverage, we provide them with a critical tool for a lifelong opportunity," Starbucks CEO Howard Schultz said in a statement. "We're stronger as a nation when everyone is afforded a pathway to success."
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
Sign up for Today's Best Articles in your inbox
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
Catherine Garcia has worked as a senior writer at The Week since 2014. Her writing and reporting have appeared in Entertainment Weekly, The New York Times, Wirecutter, NBC News and "The Book of Jezebel," among others. She's a graduate of the University of Redlands and the Columbia University Graduate School of Journalism.
-
Today's political cartoons - January 2, 2025
Thursday's cartoons - collision warnings, maple leaf ragged, and more
By The Week US Published
-
How should the cricketing world handle Afghanistan?
Talking Point England under pressure to boycott upcoming men's match against the nation, which remains an ICC member despite Taliban ban on women's team
By Harriet Marsden, The Week UK Published
-
Has Gaza's 'safe zone' fallen apart?
Today's Big Question At least 12 Palestinians have been killed by Israeli airstrikes on the increasingly fragile al-Mawasi tent camp
By Elizabeth Carr-Ellis, The Week UK Published
-
Judges block $25B Kroger-Albertsons merger
Speed Read The proposed merger between the supermarket giants was stalled when judges overseeing two separate cases blocked the deal
By Peter Weber, The Week US Published
-
Rupert Murdoch loses 'Succession' court battle
Speed Read Murdoch wanted to give full control of his empire to son Lachlan, ensuring Fox News' right-wing editorial slant
By Peter Weber, The Week US Published
-
Bitcoin surges above $100k in post-election rally
Speed Read Investors are betting that the incoming Trump administration will embrace crypto
By Peter Weber, The Week US Published
-
Enron mystery: 'sick joke' or serious revival?
Speed Read 23 years after its bankruptcy filing, the Texas energy firm has announced its resurrection
By Peter Weber, The Week US Published
-
US charges Indian tycoon with bribery, fraud
Speed Read Indian billionaire Gautam Adani has been indicted by US prosecutors for his role in a $265 million scheme to secure solar energy deals
By Peter Weber, The Week US Published
-
Boeing machinists approve contract, end strike
Speed Read The company's largest union approved the new contract offer, ending a seven-week strike
By Peter Weber, The Week US Published
-
US economy still strong in final preelection report
Speed Read It grew at a solid 2.8% annual rate from July through September
By Peter Weber, The Week US Published
-
Boeing machinists reject deal, continue strike
Speed Read The rejection came the same day Boeing reported a $6.2 billion quarterly loss
By Peter Weber, The Week US Published