Starbucks is known for its commitment to its employees, offering a range of benefits such as comprehensive health insurance, stock options, and even a college achievement plan that helps employees earn their bachelor's degree. However, did you know that Starbucks also offers tuition reimbursement for eligible employees?
In this article, we'll breakdown the differences between the Starbucks College Achievement Plan (SCAP) and Starbucks tuition reimbursement program.
What is the Starbucks tuition reimbursement program?
If you're a Starbucks employee looking to further your education, you may be eligible for Starbucks tuition reimbursement. This program is designed to help Starbucks employees pay for the costs of tuition, fees, and books related to approved coursework.
This program provides up to $1,000 per calendar year in tuition reimbursement, which is prorated based on the number of hours an employee works. If you need a refresher on what exactly tuition reimbursement is and how it works, check out this article.
Eligibility for Starbucks tuition reimbursement
To become eligible for Starbucks tuition reimbursement, you must meet the following criteria:
- If you are a retail hourly partner: Your eligibility begins after you are paid at least 160 hours in two consecutive calendar months (equivalent to 20 hours per week).
- For all other partners (except executive, support & DM+ partners for whom no waiting period applies): You become eligible after 90 days of service.
To remain "benefits eligible" retail hourly partners must be paid at least 240 hours per calendar quarter (equivalent to 20 hours per week).
If you meet these criteria, you may be eligible to receive up to $1,000 per calendar year in tuition reimbursement. If you have any questions or are curious about this benefit, you can contact Starbucks Benefits Center at (888)541-4691 with any questions.
What is Starbucks College Achievement Plan (SCAP)?
In addition to Starbucks tuition reimbursement, the company also offers other educational benefits through its college achievement plan. This program, which is available to all eligible Starbucks employees, offers full tuition coverage for a bachelor's degree from Arizona State University's online program.
Through this program, Starbucks employees can earn their degree with no upfront costs and no out-of-pocket expenses. The degree program is specifically designed to fit around a busy work schedule, with classes available online 24/7.
Benefits of the Starbucks College Achievement Plan
In addition to full tuition coverage, Starbucks employees who participate in the college achievement plan also receive support from academic advisors and other resources to help them succeed in their studies. This support can be invaluable for employees who may be balancing work and school, as it provides them with the guidance and resources they need to succeed.
One of the key benefits of the college achievement plan is that it allows Starbucks employees to earn their degree without incurring any debt. This is a significant advantage, as the cost of a college education continues to rise. By providing full tuition coverage, Starbucks is helping to ensure that its employees have access to higher education without the burden of student loan debt.
In addition to the financial benefits of the college achievement plan, there are also potential career advantages. By earning a bachelor's degree, Starbucks employees may be able to advance in their careers and take on more responsibility within the company. This can lead to higher salaries and better job opportunities, making the college achievement plan a valuable investment in an employee's future.
The difference between Starbucks tuition reimbursement vs. Starbucks College Achievement Plan
The main difference between these two programs is that the SCAP offers full tuition coverage for a bachelor's degree, while the tuition reimbursement program provides financial assistance for a variety of educational expenses.
Additionally, the SCAP is only available for a specific degree program at Arizona State University, while the tuition reimbursement program can be used for any approved degree program at an accredited college or university.
Choose the education benefit that's best for you
Overall, Starbucks tuition reimbursement and the college achievement plan are just two of the many ways that the company supports its employees in their efforts to further their education. If you're a Starbucks employee looking to continue your education, be sure to take advantage of these valuable benefits.
Not only do these programs provide financial support for tuition and other educational expenses, but they also offer valuable support and resources to help employees succeed in their studies. By investing in its employees' education, Starbucks is not only supporting their personal and professional growth, but also helping to build a more skilled and knowledgeable workforce
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