Coffee giant Starbucks has a new plan to retain smart, ambitious workers: It’s going to reimburse tuition and offer financial aid for employees who take online college courses offered by Arizona State University.
Employees who work at least 20 hours per week will be able to choose from undergraduate courses leading to bachelor’s degrees in 40 fields of study.
It’s a no-strings-attached program. Participants won’t have to keep working at Starbucks after receiving education benefits.
Employees will pay less than half of their tuition costs—between $3,000 and $10,000 per year.
Freshmen and sophomores will be eligible for partial scholarships and financial aid. Juniors and seniors will be eligible for full tuition reimbursement.