The cost of getting a college degree has gotten out of hand.
Did you find out how expensive tuition fees are these days? If so, you have likely already noticed that the cost has skyrocketed in recent years.
It’s not uncommon for students to have more than six-figure loan debt after graduation. These are debts that must be paid back. It is currently not possible to pay off student loan debts in bankruptcy.
Is it even possible to get a university degree without being heavily in debt?
Yes it absolutely is.
All you need to do is be open to working at least part time for a specific company and completing your degree online. That doesn’t sound too bad, does it?
Starbucks College Benefit Plan
Since 2014, Starbucks has offered its employees an incredible benefit that no other company has achieved before. It is called that Starbucks College Benefit Plan. This benefit is available to all Company employees who work in the United States.
If you’re a Starbucks employee and work at least 20 hours a week, the company will pay for you to get your bachelor’s degree online through Arizona State University (ASU).
How about that
To take advantage of this, you still need a strong academic background (good grades and test scores) to be admitted to ASU. Admission to any of the school programs is not automatic due to your employment with Starbucks. You still need to apply for admission like any other student.
The benefits Starbucks offers aren’t just limited to helping with tuition fees. While other companies in the service industry tend to have little or no benefit, Starbucks is different. As long as you work at least 20 hours a week, you are also entitled to health insurance, 401 (k) retirement reconciliation, company stock purchase options, recognition programs, time off, and company discounts.
Working as a barista in exchange for a free degree through college doesn’t sound like such a bad deal, does it? It is surely better than the alternative – being heavily in debt.
Benefits of the program
One of the most interesting aspects of the Starbucks study program is the fact that you are free in any field of study you want. This is very different from most companies that offer tuition fees as a benefit. Most companies only pay for courses that are relevant to their area of work. Not so with Starbucks.
Are you interested in studying biochemistry for a future career in the medical field? No problem. You may want to get an accounting degree and then become a CPA. You can also do this completely freely. Starbucks doesn’t mind at all.
Here’s another great benefit to the program: once you graduate, Starbucks is perfectly fine if you leave to work for another company. That’s right – you can go.
This is essentially unknown in the corporate world as most companies that offer tuition fees usually require employees to stay with them for a period of time after paying for the courses. While most companies limit the amount of tuition they reimburse each year, Starbucks doesn’t.
Why Arizona State?
Well why not?
Arizona State University is a major state university with nearly 80,000 students and five campuses in the greater Phoenix area. The school has a high ranking and is highly regarded. A degree from ASU will look great on any resume.
A key factor in Starbucks’ agreement with ASU was undoubtedly the many online courses it offered. ASU currently offers nearly 70 online degree programs for undergraduate students as well as many online degree programs for college graduates.
Transfer students welcome
While it is certainly possible to meet all of your study requirements online through ASU, you can definitely transfer completed coursework from other schools.
There is an alternative way to earn your bachelor’s degree through ASU that you can do with no student debt. For example, you could attend community college for the first two years and then move to ASU in the last two years to complete your degree. When you qualify for the PELL Scholarship, it will cover all of your community college tuition fees.
Speed up your time to graduation with CLEP
Take and happen CLEP exams is a great way to get college credit quickly for very little money. CLEP is an abbreviation for C.colleague L.evel E.xam P.Program.
CLEP offers more than 30 multiple-choice exams for academic performance in a variety of subjects. If you take and pass one of these exams, you will receive college credit in a specific subject.
CLEP exams are a great way to gain coursework in subjects you already have proficiency in. Study guides are available if you need to brush up on anything before an exam.
One of the best things about CLEP exams is how little they cost. Each exam currently costs less than $ 100. That way, you can get 30 credit hours – or a quarter of a college degree – for less than $ 1,000.
Another scenario to consider when starting over on your college degree is to earn 30 credit hours on CLEP exams (which are accepted by ASU for college credits) for a year Attend Community College to earn an additional 30 credit hours, and then transfer to ASU to complete your degree.
By including CLEP exams in your curriculum, you can easily get a bachelor’s degree in three years and still graduate with no student debt.
Deal of the Century: Starbucks Tuition Reimbursement
Yes, it is really possible to get a bachelor’s degree for free (or near it). If you work at least 20 hours a week at a Starbucks in the United States, you can get a highly regarded bachelor’s degree from Arizona State University and the company will do the bill.
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