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Starbucks Announces It Will Pay Tuition For Thousands Of Its Workers

Rob WileJun 16, 2014, 07:51 IST

David Ryder/Reuters

Starbucks announced late Sunday it will pay for thousands of its workers to take courses through Arizona State University to complete their Bachelor's degree.

The Starbucks College Achievement plan will let full- and part-time workers choose from 40 undergraduate degree programs at ASU that will be delivered online.

"Supporting our [employees'] ambitions is the very best investment Starbucks can make," the firm said in a release.

Workers admitted as a junior or senior will earn full tuition reimbursement. Freshmen and sophomores will receive a partial scholarship and need-based financial aid. Students will have no commitment to remain at Starbucks past graduation.

CEO Howard Schultz will hold a webcast about the plan Monday at 10:45 a.m.

Here's are the full details »