Walmart investing nearly $1B to cover tuition, book costs for US employees
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Walmart, the largest U.S. private employer, said Tuesday it will invest $1 billion over the next five years to cover the cost of college tuition and books for its U.S. employees.
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Starting on Aug. 16, the Arkansas-based retailer will drop its $1 a day fee for Walmart and Sam's Club associates who are part of the company's Live Better U (LBU) education program.
Previously, the educational program required associates to pay the daily fee but due to the changing economy and job market, the company needed another way to encourage "more associates to pursue further education," according to Walmart.