Fiat Chrysler announced Monday a new program they plan to roll out that will cover the college tuition of workers who are employed at Chrysler, Jeep, Dodge, Ram Truck and Fiat dealerships. The program will offer associates, bachelors and masters degrees to approximately 118,000 workers across the U.S. free of charge.
In partnership with Strayer University, the automaker company is asking its 2,400 dealers across the nation to opt into the program where each of the dealers will have to pay a flat fee to enroll his or her employees. The fee would remain the same regardless of how many employees participate.
With graduation season in full effect and many graduates dealing with the debate of whether they should further their education or enter the workforce, Fiat Chrysler’s announcement comes at the perfect time. Click below to see what other companies are putting forth efforts to help professionals advance their careers with tuition assistance.
Earlier this year, Starbucks outlined their plan to offer workers full tuition at Arizona State University’s online program, allowing employees to earn their bachelor’s degree for free.
In addition to the fast-food chain announcing earlier this year its plan to give 90,000 workers a pay raise, McDonald’s also outlined plans to help employees advance their careers through education. In its announcement, the restaurant agreed to pay for employees at any company or franchise-owned location to take the classes required to earn a high school diploma. For those with a high school diploma, the company said it will assist those employees with furthering their education by offering assistance with college credit and tuition.
The tech giant offers up to $5,000 tuition reimbursement to its employees.
Bank of America:
Bank of America offers employees up to $5,250 for job-related courses or to fulfill a job-related degree program.
Disney offers tuition assistance to employees by providing them up to $700 per credit, 100 percent reimbursement for books and up to $100 per course for the cost of materials.
Ford offers employees $5,000 per year for college credit towards a degree.
AT&T offers up to $5,250 in tuition assistance for its full-time employees. Under the tuition assistance program, workers can also be reimbursed up to $20,00 for an undergraduate degree and $25,000 for a graduate degree.
Chevron provides tuition reimbursement of up to 75 percent for approved training and educational pursuits.
Intel covers up to 100 percent reimbursement cost to its employees, which includes tuition, books and other fees. The company also offers internal training through Intel University, which offers more than 7,000 courses.