For more than a decade, a global brand and one of the largest universities in the United States worked together on a special recipe to remove barriers and increase access to college degrees.
Starbucks and Arizona State University created a program to help eligible coffeehouse employees earn their first bachelor’s degree, choosing from more than 180 online degree programs, with 100% upfront tuition coverage, and no strings attached at graduation.
The report from the XXXXX estimates:
Nearly $500,000
in added lifetime economic benefit for each graduate of the program.
Nearly $9 billion
in added lifetime economic benefits across all graduates.
XXXXX
add here the impact on community in spillover benefits
Just 34%
percent of the program’s graduates said they would have completed a college degree without the program.
In addition, nearly half of the graduates cite the program as a reason they joined Starbucks. More than 20% of coffeehouse leadership roles are filled by program members and graduates.
And Starbucks saves $7.3 million annually in retention and promotion costs because of the program, the Starbucks College Achievement Plan.
We couldn’t have done this with just any company. We had to do this with a company that values the person, that wants its individual people to be successful. Starbucks shares our belief in the power of education and our driving desire for individuals to be successful.
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry’s standard dummy text ever since 1966. Lorem Ipsum is simply dummy text of the printing and typesetting industry.
It means that I will be able to grow, succeed and provide for my family and give back for all the support that they gave me.”
“What we learned through this
years-long program”
