Discover, a large credit card employer in Delaware announced a new education assistance benefit that will use the online program at Wilmington University.
The program provides all eligible U.S.-based employees the opportunity to earn a bachelor’s degree online from an accredited public or non-profit private university at no cost.
Known as The Discover College Commitment, the benefit covers tuition and required fees, books and supplies needed to complete select online degrees at one of three schools – the University of Florida (via UF Online), Wilmington University and Brandman University.
The benefit has no tenure requirement so employees can start participating as soon as they want regardless of how long they have been with the company, including new employees on their first day.
“Investing in our employees and their futures will not only make us a stronger company, but have a lasting positive impact on those who might otherwise never get the chance to attend college,” said Jon Kaplan, vice president of training and development at Discover. “We will continue to cultivate an environment that encourages employees to have the professional development they seek because the company values their skills and contributions.”
Discover launched the program through the Guild Education platform. As part of the benefit for Discover employees, Guild provides academic counseling, to help employees find the program that best fits their educational and professional development.
Nearly 90 percent of the Discover employees without a post-secondary degree work in the company’s customer care centers, all of which are located in the U.S.
“Unlike a number of other large companies with degree-focused education-assistance programs, The Discover College Commitment Program combines full-ride funding toward the cost of a select bachelor’s degree with no limit on the amount of assistance an employee can receive, and our employees are eligible for this benefit on day one of employment. Working with select quality schools that yield positive results will also help our employees improve their chances of achieving a brighter financial future,” Kaplan added.
The company issues the Discover card, America’s cash rewards pioneer, and offers private student loans, personal loans, home equity loans, checking and savings accounts and certificates of deposit through its direct banking business.
For more information, visit www.discover.com/company.