Your local Walmart may be known for its cheap prices, but now you can add cheap college tuition to the list.
The Bentonville, Arkansas-based retailer recently announced that it is expanding its plan to subsidize the education of its employees.
Walmart college tuition plan: $1 a day for employees
Here’s how the Walmart college program works: Employees who are either full-time, part-time or salaried pay $1 a day to have tuition, books and fees covered.
The benefit is part of the company’s aim to make education a debt-free experience for those employed by Walmart and Sam’s Club, which it owns.
The Walmart college tuition plan has been up and running for more than a year, but now it’s expanding. Here are five things to know about the Walmart education plan:
1. Students will get education coaches
The Walmart college tuition plan is a partnership between several entities, including Guild Education, a learning benefits platform.
Guild will provide coaches to the students for help with everything from enrollment to picking a major to academic counseling.
2. Walmart Academy will offer college credit
The program also includes college credit for Walmart Academy, a two-to-six week program at a dedicated facility that teaches and trains employees advanced retail skills.
Also with free prep help for the ACT and SAT, associates can get college credit through Walmart’s Live Better U program.
3. Associates will get real degrees
Many more college institutions are involved as partners through EdX, including Georgia Tech, Columbia University and Purdue University.
4. Who is eligible for the Walmart education program?
5. What about family members of Walmart associates?
Eligible family members of Walmart associates can also benefit from the education plan.
They will also be able to take advantage of tuition discounts, financial aid assistance and Guild education coaches, according to Walmart.