Beginning this fall, Target will offer its employees a debt-free way to get a college degree and will pay up to $10,000 each year for advanced degrees.
For those who pursue an undergraduate degree, the cost of tuition, fees and textbooks will be covered by the retail giant. Target employees at stores, distribution centers and headquarters locations in the U.S. will qualify on their first day, according to a news release.
The offer is available at more than 40 institutions to part-time and full-time workers. Georgia’s own Morehouse College is among the participating colleges, as are the University of Denver, Oregon State University, University of Arizona and eCornell.
“A significant number of our hourly team members build their careers at Target, and we know many would like to pursue additional education opportunities. We don’t want the cost to be a barrier for anyone, and that’s where Target can step in to make education accessible for everyone,” Melissa Kremer, Target’s chief human resources officer, said in the news release.
Target says over the next four years it plans to invest $200 million in the education program it developed with Guild Education.
By incentivizing education, Target joins Walmart, which also recently announced that it would cover the full cost of college, tuition and books for its employees.
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