Home Business Walmart to pay 100% of college tuition and books for its associates

Walmart to pay 100% of college tuition and books for its associates

2 min read
0
0
58

A worker wearing a protective mask arranges shopping carts outside a Walmart store in Duarte, California, U.S., on Thursday, Nov. 12, 2020.

David Swanson | Bloomberg | Getty Images

In an effort to help curb soaring student loan debts, Walmart announced Tuesday it will pay 100% of college tuition and book costs for its associates, starting Aug. 16.

Walmart, the largest U.S. private employer, will drop its existing $1-per-day fee for associates who participate in its Live Better U education program.

The company said it was inspired to adjust the terms of the program by changes in the economy and job market.

More from Personal Finance:
Tuition insurance may help cover costs if a student withdraws from college
College plans rebound although cost is a top concern
Hundreds of colleges say Covid vaccines will be mandatory

With the new plan, Walmart plans to invest almost $1 billion over the next five years in career training and development for its employees.

About 1.5 million part-time and full-time associates of Walmart and its Sam’s Club subsidiary will be eligible to learn new skills and earn college degrees, the company said.


Source link

Load More Related Articles
Load More By The Texas Chronicle
Load More In Business

Leave a Reply

Your email address will not be published. Required fields are marked *

Check Also

Hedge fund sells stake in Trump SPAC firm DWAC after merger news

At least one hedge fund sold its stake in the SPAC Digital World Acquisition Corp. after t…