College Education for Free
Starbucks (SBUX) and Arizona State University are offering an unprecedented four years of college education with full tuition coverage (Reuters)
Expanded College Achievement Plan
The expanded College Achievement Plan will be offered to more than 140,000 full-time and part-time partners (employees) online (Chegg)
Postsecondary Education Required for Most Jobs by 2018
By 2018, 63% of all jobs in the economy will require postsecondary education and training beyond high school (REUTERS)
Nearly 50 Undergraduate Degrees Offered
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
(Reuters)
No Commitment After Graduation
Partners will have no commitment to remain at the company past graduation
Talent Pool Untapped
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 (Reuters)
$250M Investment Possible
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. (REUTERS)