Walmart Commits $1B to College Tuition Program
As retailers are struggling to find workers (see 2107230053), Walmart committed nearly $1 billion over the next five years to pay 100% of college tuition and book fees for associates through its Live Better U education program, it said Tuesday.…
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It removed the $1-a-day fee associates previously had to contribute to the tuition program, which launched in 2018. About 1.5 million part- and full-time employees in the U.S. can earn college degrees or learn trade skills “without the burden of education debt,” said the retailer. The LBU program was initially based on research on what drives completion rates among adult working students, Walmart said, which led to the $1 per day approach. “But the economy and job market have changed,” it said. Walmart will add four partners: Johnson & Wales University, the University of Arizona, University of Denver and Pathstream, joining existing institutions Brandman University, Penn Foster, Purdue University Global, Southern New Hampshire University, Wilmington University and Voxy EnGen.