Jun 16, 2014 4:18 PM
NEW YORK (AP) - Starbucks is rolling out a program that would allow its workers to earn an online college degree at Arizona State University at a discounted rate.
The coffee chain is partnering with the school to offer the option to 135,000 U.S. employees who work at least 20 hours a week. The Seattle-based company says it will phase out its existing tuition reimbursement program, which gave workers up to $1,000 a year for education at certain schools.
Starbucks CEO Howard Schultz is scheduled to announce the program Monday in New York City, with U.S. Education Secretary Arne Duncan and about 340 workers and their family members.
It's not clear how many workers will participate in the program. Starbucks Corp. also isn't disclosing the financial terms of its agreement with Arizona State University.