KEY POINTS
  • Walmart, the largest U.S. private employer, unveiled new terms to its educational assistance program on Tuesday.
  • Effective Aug. 16, associates of Walmart and Sam's Club will no longer have to pay a $1-per-day fee to participate in the program.
  • The company will pay 100% of college tuition and book costs.

In this article

A worker wearing a protective mask arranges shopping carts outside a Walmart store in Duarte, California, U.S., on Thursday, Nov. 12, 2020.
David Swanson | Bloomberg | Getty Images

In an effort to help curb soaring student loan debts, Walmart announced Tuesday it will pay 100% of college tuition and book costs for its associates, starting Aug. 16.

Walmart, the largest U.S. private employer, will drop its existing $1-per-day fee for associates who participate in its Live Better U education program.

In this article