Target to cover college tuition and textbook expenses for its employees

Photo Credit: Kristoffer Tripplaar/Sipa USA / Sipa via AP Images

Target has announced it will cover the tuition and textbook expenses for its US-based part-time and full-time employees.

In a news release, the US retailer said: “Target’s partnering with education and upskilling platform Guild Education to provide easy access to more than 250 business-aligned programs from over 40 schools, colleges and universities. Target will also fund advanced degrees within the network of schools, paying up to $10,000 annually for master’s programs.”

Target employees will be able to qualify for the program from their first day of work.

The press release also says Target will invest $200 million in the program over the next four years.

This news comes after Walmart announced it will be paying the full college tuition and book fees at some schools for its US employees.