Walmart to pay for college education of its employees

Walmart Now Offering Employees A College Education For $1 A Day

Walmart, the biggest employer in the U.S., has just announced that it will begin subsidizing higher education for employees who have yet to earn a college degree.

Starting this week, the retailer’s employees with be able to enroll at either the University of Florida, Brandman University or Bellevue University.

Walmart has partnered with Guild Education, an education platform that helps employers extend education benefits to its employees, to offer this program. Employees will contribute $1 per day, for 365 days every year, as long as they are enrolled in the program, with Walmart covering the rest, including books.

The company is estimating that as many as 68,000 people could sign up (overall it employs a whopping 1.5 million people in the U.S. alone).

Walmart, of course, isn’t the only major company to offer this perk, Starbucks and Chipotle are also offering similar programs.

It is certainly a welcome perk, especially taking into account the growing student loan crisis and the amount of debt people are leaving college with (2017 graduates had an average of $39.400 in debt). Here’s to hoping other employers follow suit.

Image: Wikipedia