The giant coffee company is replacing its college reimbursement plan with a program to earn an online college degree from Arizona State University.
Starbucks is rolling out a new education program that will be open to 135,000 U.S. employees, who work at least 20 hours a week and meet the minimums required to gain admission at Arizona State.
Lucas Jackson / Reuters
Starbucks said the program doesn't require workers to stay at the company after they earn their degrees and they are allowed to study whatever they want.
Starbucks CEO Howard Schultz is scheduled to announce the program Monday in New York City, with U.S. Education Secretary Arne Duncan and the president of Arizona State, Michael M. Crow, who is a proponent for online education.
PETER PARKS/AFP / Getty Images
The coffee chain will end its current reimbursement program, which gave workers up to $1,000 a year for tuition at the University of Seattle or Strayer University.
The reimbursement program was started in 2011, and Starbucks has since paid out $6.5 million, said Laurel Harper, a company spokeswoman.
Ellen M. Banner/Seattle Times / MCT
It is not clear yet how many employees will enroll in the new plan, but it could significantly boost the enrollment for Arizona State's online program, which currently stands around 10,000 students.
David Ryder / Reuters / Reuters
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