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Target will pay full college fees for its employees: you can participate from the first day of work

Target has said it is launching a special program and offering the opportunity to pursue higher education without debt. Writes about it CNBC.

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Starting this fall, Target will begin covering tuition, fees and textbooks for part-time and full-time workers who earn bachelor's degrees from more than 40 institutions. It will also fund advanced degrees, paying up to $ 10 per year for master's programs at these institutions.

Target is joining other retailers and restaurant chains, including Chipotle and Starbucks, that have similar programs to help employees pay for college. Walmart recently announced that it will cover the full cost of college tuition. and textbooks for their employees.

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At Target, employees in stores, distribution centers, and U.S. headquarters will be eligible for the program even on their first day of operation. Target will cover the full cost of 250 programs related to her business, such as computer science, information technology, and business management. If an employee chooses a different major or wants to pursue an advanced degree, Target will pay up to $ 5 for non-master's degrees and up to $ 250 for master's degrees each year in direct payments to an academic institution.

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Target said it plans to invest $ 200 million in the education program over the next four years. She developed the program in conjunction with Guild Education, the company that operates corporate education support programs. Participating schools include the University of Arizona, Oregon State University, University of Denver, Morehouse College, and Cornell University.

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