Walmart will pay 100% of its associates’ tuition and books



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A worker wearing a protective mask organizes shopping carts outside a Walmart store in Duarte, California, the United States, Thursday, November 12, 2020.

David Swanson | Bloomberg | Getty Images

In an effort to help curb the skyrocketing student loan debt, Walmart announced Tuesday that it will pay 100% of its associates’ tuition and books, starting Aug. 16.

Walmart, the largest private employer in the United States, will waive its current $ 1 per day fee for associates who participate in its Live Better U education program.

The company said it was inspired to adjust the terms of the program according to changes in the economy and the job market.

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With the new plan, Walmart plans to invest nearly $ 1 billion over the next five years in training and career development for its employees.

About 1.5 million part-time and full-time associates of Walmart and its subsidiary Sam’s Club will be eligible to learn new skills and earn college degrees, the company said.

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