Starbucks tuition reimbursement has been one of the more controversial issues that has surfaced in recent years. The coffee chain has been notorious for its high prices, and many customers have expressed their displeasure in recent months. A lot of people were unhappy with the lack of transparency regarding the eligibility requirements, and the subsequent reaction of the company. This article will take a look at the current status of Starbucks tuition reimbursement.
Starbucks first announced plans to start to reimburse its employees for the cost of tuition in February of 2020. The company said it was looking into ways to help its part and full-time workers pay for their education while keeping their jobs. Starbucks projected that of its 35,000 part and full time employees in the US, around 70% have a bachelor's degree or are currently enrolled in school to earn a bachelor's degree.
After the news, Starbucks initially offered eligible part time employees an incentive of up to one thousand dollars a year in free tuition assistance. The company also offered to match this amount up to three times by having employees fill out a Starbucks scholarship application for a period of one year. The company also began to provide financial aid for students at two and four-year universities. Employees who were accepted could then submit additional documentation to show how they could meet the specific requirements of the program.
However, after the initial announcement there was some pushback from students who did not qualify because their student loans had yet to be fully paid off. The company has since announced a policy change that states that only students who graduated or obtained a bachelor's degree are eligible to receive funding. In addition, the company has not offered any student financial aid if a current student's loan is past due. Additionally, students have complained that the initial one thousand dollar incentive was too small, especially since there was no limit on how much they could receive.
After these criticisms and the current changes, some have questioned Starbucks tuition reimbursement policies and practices. There are questions as to whether the company's commitment to its employees is being met. Some employees feel as though they are not being properly compensated for the education they are receiving, especially if they are unable to maintain a job. After all, there are some people that simply do not have the time to attend classes, even part time, or online. And there are some that cannot afford to attend classes, because of a lack of transportation.
Many of the criticisms pointed out are legitimate, especially considering the number of students who are not able to . . . . . . earn their degrees. In addition, many companies are concerned with the fact that these employees are taking away from other revenue streams in some cases. Many students feel as if they are being taken for a ride by a company that is simply trying to benefit itself by paying more for the education of its employees. The bottom line is that students should have the ability to work while getting a college education. However, the company must balance their commitment to its employees with their responsibility to the overall company.