10+ Best Companies That Pay for College Education 2023 – College education can be a valuable investment for your career and personal growth, but it can also be very expensive and unaffordable for many people. The average cost of tuition and fees for the 2021-2022 academic year was $10,560 for public four-year in-state institutions, $27,020 for public four-year out-of-state institutions, and $37,650 for private nonprofit four-year institutions.
Fortunately, there are some ways to reduce or eliminate the cost of college education, such as scholarships, grants, loans, work-study programs, and military benefits. Another way to pay for college education is through employer-sponsored tuition assistance or reimbursement programs.
Many employers offer tuition assistance or reimbursement programs to their employees who pursue college degrees or certificates in certain fields or programs. These programs can cover part or all of the tuition, fees, books, and other expenses related to college education.
Tuition assistance or reimbursement programs can benefit both employers and employees. For employers, these programs can help attract and retain talent, improve employee satisfaction and loyalty, enhance employee skills and performance, and reduce turnover and training costs. For employees, these programs can help advance their careers, increase their income potential, improve their knowledge and confidence, and achieve their personal and professional goals.
In this article, we will introduce you to 10+ best companies that pay for college education for their employees. These companies offer generous and flexible tuition assistance or reimbursement programs that can help you pursue your college education without breaking the bank.
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- 10+ Best Companies That Pay for College Education 2023
Amazon
Amazon is one of the world’s largest e-commerce and technology companies that offers a wide range of products and services, such as online retail, cloud computing, digital streaming, artificial intelligence, and more.
Amazon offers its hourly employees 100% tuition coverage for high-demand degrees at accredited schools through its Career Choice program. The program covers up to $12,000 in tuition, fees, and books over four years. Employees can choose from over 100-degree programs in fields such as computer science, engineering, nursing, business administration, accounting, and more.
Amazon also offers its operations employees up to $3,000 per year in tuition reimbursement for any degree program at any accredited school through its Career Skills program. Employees can use this benefit to pursue their personal or professional interests.
Target
Target is one of the largest retailers in the United States that sells a variety of products, such as clothing, home goods, electronics, beauty products, groceries, and more.
Target offers its full-time and part-time employees 100% tuition coverage for select undergraduate degrees at over 40 schools through its Debt-Free Degree program. The program covers up to $5,250 per year in tuition assistance and up to $10,000 per year in master’s degree assistance. Employees can choose from over 250 degree programs in fields such as business management, computer science, cybersecurity, and more. Target also offers its employees free access to online courses and certificates through Guild Education and edX.
Walmart
Walmart is the world’s largest retailer that operates thousands of stores and e-commerce platforms across various brands and categories, such as groceries, electronics, home goods, clothing, and more.
Walmart offers its full-time and part-time employees 100% tuition coverage for select associate and bachelor’s degrees at six partner schools through its Live Better U (LBU) education program. The program covers up to $1,000 per year in books and fees. Employees can choose from over 50-degree programs in fields such as business administration, supply chain management, health and wellness, and more.
Walmart also offers its employees free access to online courses and certificates through Guild Education and Coursera.
Starbucks
Starbucks is one of the world’s leading coffee companies that operate thousands of cafes and roastery reserves across various markets and segments.
Starbucks offers its full-time and part-time employees 100% tuition coverage for online bachelor’s degrees at Arizona State University (ASU) through its Starbucks College Achievement Plan (SCAP). The program covers up to $5,250 per year in tuition reimbursement. Employees can choose from over 80-degree programs in fields such as communication, engineering, psychology, education, and more.
Starbucks also offers its employees free access to online courses and certificates through ASU Online and LinkedIn Learning.
UPS
UPS is one of the world’s largest package delivery and logistics companies that offers a range of services and solutions for individuals and businesses, such as shipping, tracking, freight, supply chain management, and more.
UPS offers its part-time employees up to $5,250 per year in tuition assistance through its Earn and Learn program. The program covers tuition, fees, books, and other expenses related to college education. Employees can pursue any degree program at any accredited school of their choice.
UPS also offers its employees free access to online courses and certificates through Edcor Data Services and Skillsoft.
Chipotle
Chipotle is one of the leading fast-casual restaurant chains that specializes in Mexican-inspired dishes, such as burritos, tacos, bowls, salads, and more.
Chipotle offers its full-time and part-time employees 100% tuition coverage for select associate and bachelor’s degrees at 10 partner schools through its Cultivate Education program. The program covers up to $5,250 per year in tuition assistance. Employees can choose from over 100-degree programs in fields such as business administration, culinary arts, hospitality management, agriculture, and more.
Chipotle also offers its employees free access to online courses and certificates through Guild Education and edX.
AT&T
AT&T is one of the world’s largest telecommunications and media companies that offer a range of services and products, such as wireless, broadband, video, voice, and entertainment.
AT&T offers its full-time and part-time employees up to $5,250 per year in tuition assistance for any degree program at any accredited school through its Tuition Aid program. The program covers tuition, fees, books, and other expenses related to college education. Employees can pursue their personal or professional interests.
AT&T also offers its employees free access to online courses and certificates through Edcor Data Services and Skillsoft.
Baxter
Baxter is a global healthcare company that develops and manufactures a variety of medical products and devices, such as dialysis equipment, infusion systems, biosurgery products, and more.
Baxter offers its full-time employees up to $5,250 per year in tuition reimbursement for any degree program at any accredited school through its Educational Assistance program. The program covers tuition, fees, books, and other expenses related to college education. Employees can pursue their personal or professional interests.
Baxter also offers its employees free access to online courses and certificates through EdAssist Solutions and LinkedIn Learning.
Discover
Discover is a leading financial services company that offers a range of products and solutions, such as credit cards, banking, loans, savings, and more.
Discover offers its full-time and part-time employees 100% tuition coverage for select online bachelor’s degrees at three partner schools through its Discover College Commitment program. The program covers tuition, fees, books, and supplies related to college education. Employees can choose from over 40-degree programs in fields such as business administration, computer science, cybersecurity, healthcare management, and more.
Discover also offers its employees free access to online courses and certificates through Guild Education and edX.
Home Depot
Home Depot is the largest home improvement retailer in the United States that sells a variety of products and services for building, remodeling, decorating, and maintaining homes.
Home Depot offers its full-time and part-time employees up to $5,000 per year in tuition reimbursement for any degree program at any accredited school through its Tuition Reimbursement program. The program covers tuition, fees, books, and other expenses related to college education. Employees can pursue their personal or professional interests.
Home Depot also offers its employees free access to online courses and certificates through Edcor Data Services and Skillsoft.
In conclusion, a College education can be a valuable investment for your career and personal growth, but it can also be very expensive and unaffordable for many people. One way to pay for college education is through employer-sponsored tuition assistance or reimbursement programs.
Many employers offer tuition assistance or reimbursement programs to their employees who pursue college degrees or certificates in certain fields or programs. These programs can cover part or all of the tuition, fees, books, and other expenses related to college education. The amount and eligibility of the assistance vary by employer, ranging from a few hundred dollars to tens of thousands of dollars per year.
In this article, we introduced you to 10+ best companies that pay for college education for their employees. These companies offer generous and flexible tuition assistance or reimbursement programs that can help you pursue your college education without breaking the bank.
If you are interested in working for one of these companies or finding other companies that pay for college education, you can use websites like Lawzana.com, BestColleges.com, BuiltIn.com, or MyScholly.com to search and compare different employers and programs. You can also ask your current or potential employer about their tuition assistance or reimbursement policies and benefits.
Paying for a college education can be challenging but not impossible. By taking advantage of employer-sponsored tuition assistance or reimbursement programs, you can achieve your educational goals and advance your career.
Frequently Asked Questions (F&Qs)
What are companies that pay for college?
Companies that pay for college are businesses that offer financial assistance to employees and their dependents to help them pay for college tuition, fees, and other expenses. These companies may offer full or partial scholarships, tuition reimbursement programs, or other financial assistance.
How do I find companies that pay for college?
There are a few ways to find companies that pay for college. One way is to search online. There are a number of websites that list companies that offer financial assistance for college. You can also ask your employer if they offer any tuition reimbursement programs. Additionally, you can contact your local community college or university to see if they have any partnerships with local businesses that offer tuition assistance.
What are the eligibility requirements for companies that pay for college?
The eligibility requirements for companies that pay for college vary from company to company. However, some common eligibility requirements include being a full-time employee, having a certain number of years of service with the company, and maintaining a certain GPA.
What are the benefits of companies that pay for college?
There are a number of benefits to companies that pay for college. These benefits include:
- Financial assistance: Companies that pay for college can help you save money on tuition, fees, and other college expenses.
- Increased motivation: Knowing that your company will help pay for college can help you stay motivated and focused on your studies.
- Improved job prospects: Having a college degree can improve your job prospects and earning potential.
What are the drawbacks of companies that pay for college?
There are a few drawbacks to companies that pay for college. These drawbacks include:
- Eligibility requirements: Not all companies offer financial assistance for college, and the eligibility requirements can be strict.
- Time commitment: Some companies require employees to work for a certain number of years before they are eligible for financial assistance.
- Performance requirements: Some companies require employees to maintain a certain GPA or performance level in order to keep their financial assistance.