Target will cover 100% of college tuition for its workers

[Native]

This discussion thread was locked as off-topic by Spazito (a host of the Latest Breaking News forum).

Source: CNN Business

Target has announced that it will begin paying the college tuition and textbook expenses for its US-based part-time and full-time employees who attend select schools.

Starting as early as their first day on the job, more than 340,000 employees at Target stores and distribution centers will now be able to choose from 250 programs at over 40 schools and universities across the country, and they won't have to pay a dollar, Target said in a news release.

Target said it will also pay up to $10,000 a year for master's programs within its available network of schools, which include the University of Arizona, Oregon State University and historically Black colleges and universities like Morehouse College and Paul Quinn.

Along with associates and undergraduate degrees, employees will also have access to numerous certificates and boot camp programs, according to the release.

Read more: https://www.cnn.com/2021/08/07/business/target-cover-free-college-tuition-employees-trnd/index.html

[bucolic_frolic]

1. I'm sure Target won't pay for it

Their customers will.

[Native]

2. I'm cool with that!

[MLAA]

3. I like Target and happy to contribute to this education support

[jimfields33]

4. They can raise prices but only to a limit where customers will still shop

I can’t imagine the customers will pay every penny. It could be quite a lot. Plus, I think target is looking at the ability to write it off in taxes.

[marie999]

5. But it would depend on their tax rate on how much tax write-off there is.

Their federal and average state tax rate is 21.2% so they are still responsible for 78.8%.

[MichMan]

10. Where do corporations get the $$ to pay for anything?

Wages, benefits, merchandise, transportation, buildings, maintenance, energy, IT, taxes, etc. etc.

Of course it comes from customers; it's a retail store.

[Javaman]

14. I would rather my money that I spend at Target go to something like this

then to further line the pocket of corporate bosses (which my money still will, but not as much)

[bamagal62]

6. Good for Target!!!

[Bayard]

7. Good for them!

But they must REALLY be having trouble finding workers.

[twodogsbarking]

8. Companies offering free education are competing

with the military. I like it.

[TexasBushwhacker]

9. I'm still not crazy about the restriction on the choice of schools

Walmart did the same thing.

[packman]

15. A bet that those "Choice of schools"

are off-campus, video schools .

[MichMan]

16. Not according to their statement

Team members will have access to more than 250 business-aligned programs at 40+ schools, colleges and universities
(both online and in-person) with no out-of-pocket costs.

[Escurumbele]

17. Whatever it is as long as people get education, then they can go to another school afterwards

and complete whatever they want.

Imagine Target paying for someone to do their four year college, and then that person can either go to med school or law school...I cannot see the negative of any of it.

Does anyone have a list of the schools they will support?

[twin_ghost]

11. There is a big catch to these corporation school tuition offers

Often the corporation will require you to work for them for years. And if you are laid off or fired one day before the contract expires then you must pay all the money back along with the all of the accumulated interest. This is the new serfdom. You are better off getting a college loan then be tied down to a serfdom contract.

[mcar]

13. That's been the standard for years

Often the corporation will require you to work for them for years.

As for the other, given the low unemployment rate thanks to Pres. Biden and VP Harris, businesses who screw over employees like that are not going to have employees.

[mcar]

12. Great news!

I wish there was a Target near me so I could shop at it.

[Spazito]

18. *LOCKING*

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