Target joins Walmart in paying for college for employees

Target will offer its 340,000 U.S.-based part-time and full-time employees a new perk: a free college education.

The retailer announced Wednesday that it would offer its workers “the most comprehensive debt-free education assistance program available in the retail industry.”

The program starts this fall and provides “debt-free undergraduate degrees, certificates, certifications, free textbooks and more with no out-of-pocket costs” in 250 business-aligned programs from more than 40 schools, colleges and universities. Target says it will invest $200 million over the next four years in the program.

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