Starbucks (SBUX) and Arizona State University are offering an unprecedented four years of college education with full tuition coverage
The expanded College Achievement Plan will be offered to more than 140,000 full-time and part-time partners (employees) online
By 2018, 63% of all jobs in the economy will require postsecondary education and training beyond high school
All benefits-eligible partners who do not have a college degree can choose from 49 undergraduate degree programs, such as electrical engineering, business and retail management
Partners will have no commitment to remain at the company past graduation
Over the next three years, through its Opportunity Youth program the company has committed to hire nearly 6 million, ages 16-24 who are not working or in school
Youths, not working or in school, represent a huge, untapped talent pool for American businesses, according to the company
Over ten years, Starbucks estimated investment could reach up to $250 million or more.
Starbucks and Arizona State University are collaborating to offer four years of full tuition coverage.