The benefit will now be offered to 140 thousand employees of the US chain. The company wants to help 25,000 people graduate by the year 2025
Starbucks announced on Monday the expansion of its university scholarship system for employees, which it has developed together with Arizona State University (ASU) since last year.
The Starbucks College Achievement Plan, launched in June 2014, offers the payment of 100% of the four-year career enrollment to employees, as part of the company’s public responsibility program.
This possibility, until now, was only open to junior and senior applicants within the chain. Now the benefit was extended to all employees in full-time and part-time.
Howard Schultz, CEO of Starbucks, said: “The unfortunate reality is that too many Americans can no longer pay for a university degree, particularly less privileged young people, and others are overwhelmed with a heavy burden of university debt. partners (employees) to cover enrollment, we provide them with a critical tool for a lifetime opportunity. ”
More than 2000 employees already participate in this program, which offers the possibility of choosing among 49 academic programs that are taught by ASU Online.
The company will invest up to US $ 250 million or more to help 25,000 employees graduate by the year 2025.
On the other hand, the company committed to contract in the next three years to 10 thousand “Opportunity Youth”, the population of young people between 16 and 24 years, who do not study or work, and that are almost 6 million in the US .