9 Companies That Will Pay Most Of Your College Costs
Starbucks isn't the only company to offer to pay for most, if not all, of the tuition costs to send its employees to college. Here's a look at some other companies that offer to pay anywhere from $5,000 per year to 90% of tuition costs for their employees.
Raytheon
The defense technology giant will pay up to 100% of college tuition for employees for approved majors, including graduate degrees.
Deloitte
If you're interested in graduate school, Deloitte is the place to help you get there. The accounting giant covers up to $10,000 per year in advanced degree costs, provided employees have given the company two years of service and will commit to returning to the company after they receive their degree.
Smuckers
The condiments behemoth pays back as much as 100% of employees' tuition costs for company-approved courses.
BP
BP offers up to 90% tuition reimbursement for full-time employees to take classes at accredited universities that assist in educational development relevant to employees' roles at the company.
UPS
There are a number of ways that UPS helps its employees obtain a college degree. The company offers up to $15,000 in tuition assistance, and also has partnerships with colleges in the Louisville and Chicago areas. In Louisville, employees can attend one of three colleges — the University of Louisville, Jefferson Community College, and Kentucky Technical College — under the Metropolitan College Program, provided they work for UPS during their degree program during certain hours. The company's Chicagoland Regional College Program provides a similar program at five schools — Moraine Valley Community College, Chicago State University, Morton College, Prairie State College, and Olive-Harvey College — in the Chicago area. Both programs are completely free. Employees of UPS can also attend school online through a partnership with Thomas Edison State College.
Apple
Apple pays employees up to $5,000 per year for tuition reimbursement or assistance.
Google tops that, though, shelling out a rumored $12,000 per year in tuition reimbursement to employees.
Wal-Mart
Through a partnership with American Public University, the company offers employees and their family members a 15% tuition savings and book grants for the school's online degree program. Employees just have to work full-time for one year to be eligible for the discount.
Starbucks
At a presentation Monday in New York unveiling Starbucks' college partnership plan with Arizona State University to send all of its employees to college, the coffee titan's CEO and Chairman Howard Schultz called the initiative the "biggest" announcement in company history. Designed to help employees finish college, the Starbucks plan is to pay for all employees' last two years of college, and will also foot the bill for part of the first two years. They also are considering paying for books and laptops. Starbucks employees will graduate with an ASU degree from courses taken exclusively online, an undertaking that Schultz estimated will cost the company "millions," with one estimate putting the cost of just 3% of employees registering at $50 million for Starbucks.
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Mariah Summers is a business reporter for BuzzFeed News and is based in New York. Summers reports on hospitality, travel and real estate.
Contact Mariah Summers at mariah.summers@buzzfeed.com.
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