McDonald's, Starbucks Expand Tuition Reimbursement Programs

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McDonald's and Starbucks announced today that they're ready to reimburse four years of tuition for an online undergraduate degree through Arizona State University.

The Associated Press reports that Starbucks employees who average at least 20 hours a week, and McDonald's workers who have worked for the fast food chain for at least a year and average at least 20 hours per week, are eligible.

Starbucks said about 2,000 workers enrolled in its program since June 2014 when it began reimbursing its employees for two years of online tuition with Arizona State. The offer is available to workers at company-owned stores, which represent about 60 percent of its 12,100 locations. McDonald's estimates that 4 percent of its eligible employees took advantage of the program when it was previously available to managers at company-owned stores. Now, McDonald's is making the benefit available to workers and managers at all of its U.S. stores, including franchisee-owned locations.