According to Starbucks’ statistics, more than 70% of their U.S. employees are current or aspiring students.
Starting in the fall of 2014, Starbucks is collaborating with Arizona State University to help thousands of their part- and full-time employees complete their college degrees with the new College Achievement Plan.
“We as a company want to do something that has not been done before. That is, we want to create access to the American Dream, hope and opportunity for everybody,” said Howard Schultz, Starbucks chairman, president and CEO.
Employees will be able to finish their bachelor’s degree with full tuition reimbursement by choosing from ASU’s 40 undergraduate degree programs online, which is ranked by U.S. News & World Report as the 9th best online bachelor’s degree program.
Although many employers do offer tuition reimbursement programs, most come with limitations such as exclusions for new employees, requirements to sign contracts for years of work or work-related course limitations.
Essentially, what this means is, Starbucks is going to pay for its employees from their first day to get whatever degree they desire and, for many, this means eventually leave to get a better paying job.
Employees admitted to Arizona State University online as a college junior or college senior are able to earn full tuition reimbursement for each year of coursework completed towards their bachelor’s degree.
Employees admitted to Arizona State University online as a college freshman or college sophomores are eligible to receive partial scholarships and need-based financial aid toward the completion of their college degree.
• Benefits-based employees (those who work a minimum of 20 hours/per week)
• Employees who do not yet have a bachelor’s degree
• Partners admitted to Arizona State University according to their admission requirements For those worried about transferring prior credits, it’s easier than you think. In fact, according to ASU online, “more than 90% of ASU students online transfer some or all of their credits from a previous college or university.”
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How Does It Work?
Employees will not be required to make any sort of commitment or obligation to continue working at Starbucks in any capacity past graduation. If that didn’t sound odd to you, it should. That’s pretty unusual for a company paying for an employee going to school.
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Who Qualifies?
Here’s who qualifies (as outlined on the Starbucks' web site): • U.S. based employees of any company stores (which includes Starbucks, Teavana, La Boulange, Evolution Fresh and Seattle’s Best Coffee stores)• Benefits-based employees (those who work a minimum of 20 hours/per week)
• Employees who do not yet have a bachelor’s degree
• Partners admitted to Arizona State University according to their admission requirements For those worried about transferring prior credits, it’s easier than you think. In fact, according to ASU online, “more than 90% of ASU students online transfer some or all of their credits from a previous college or university.”
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