Our Terms of Service and Privacy Policy have changed.

By continuing to use this site, you are agreeing to the new Privacy Policy and Terms of Service.

Work at Wal-Mart, get college credit

By Annalyn Censky, staff reporter


NEW YORK (CNNMoney.com) -- Wal-Mart employees will soon be able to earn college credit for their on-the-job training and experience, the world's largest retailer announced Thursday.

In a letter to U.S. associates, Wal-Mart Vice Chairman Eduardo Castro-Wright said the company is partnering with online educator American Public University (APU) to offer the college credits and tuition assistance to help employees get a higher education.

As part of the program, employees who enroll in classes from APU will receive a grant equivalent to 15% of their tuition costs. Wal-Mart is also investing up to $50 million over the next three years in the program.

"I hope you will take advantage of this opportunity and explore all the program has to offer," Castro-Wright told employees in the letter. "I believe our partnership with APU will not only help you build an even better life for yourself and your family, but will help put you ahead in your Wal-Mart career."

Wal-Mart said it chose to partner with APU based on its affordability and online programs. A company survey showed 72% of Wal-Mart's 32,000 associates preferred an online college rather than a "brick-and-mortar" school, the company said.

The announcement comes a day before Wal-Mart's annual shareholder meeting in Fayetteville, Ark. As part of its annual "shareholders week," the company hosted three days of festivities, including concerts by Tim McGraw, REO Speedwagon and The Barenaked Ladies. To top of page

Index Last Change % Change
Dow 18,471.45 -2.30 -0.01%
Nasdaq 5,134.57 24.52 0.48%
S&P 500 2,165.79 -3.39 -0.16%
Treasuries 1.54 -0.02 -1.54%
Data as of 11:38am ET
Company Price Change % Change
Apple Inc 102.85 6.18 6.40%
Freeport-McMoRan Inc... 13.05 0.37 2.93%
Bank of America Corp... 14.53 0.00 0.00%
Chesapeake Energy Co... 5.15 -0.20 -3.81%
Coca-Cola Co 43.37 -1.51 -3.36%
Data as of 11:23am ET
Sponsors

Sections

HSBC banker arrested at JFK airport as he prepared to leave the country. He and former trader face federal charges they manipulated currency trades. More

Donald Trump loves to talk about Ronald Reagan's trade tactics against Japan. But some experts say Reagan's actions hurt U.S. jobs. More

Apple shares spiked 6% even though the tech behemoth just suffered its second-straight quarter of shrinking sales. It's a sign of how Apple faces dramatically diminished expectations these days. More