Last year, we reported that Starbucks and Arizona State University had brewed up a program that would allow its employees to earn online college degrees at a steeply discounted rate. The initiative caused enough of a buzz that Starbucks is now expanding these efforts to provide the path to a full four-year online college degree.
Since its launch last year, nearly 2,000 Starbucks employees have seized the opportunity for a free college education. It’s important to note that degrees are available only through ASU's 49 online programs, which range from English to electrical engineering to information technology; students must also complete 21 credits before the company will reimburse tuition but students will not have to repay or stay with Starbucks after graduation. "The unfortunate reality is that too many Americans can no longer afford a college degree, particularly disadvantaged young people, and others are saddled with burdensome education debt," says Howard Schultz, founder and CEO of Starbucks. Schultz was the first college graduate in his family and now has a net worth of $2.6 billion. "By giving our partners [employees] access to four years of full tuition coverage, we will provide them a critical tool for lifelong opportunity. We’re stronger as a nation when everyone is afforded a pathway to success." (For more on this story, head over to Forbes.)
What do you think of this partnership between Starbucks and ASU? Would you consider working for the coffee giant if it meant you could earn your college degree for free? Share your thoughts in the comment section and for more info on how to fund your college education, head over to Scholarships.com and create a free college scholarship profile!