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The Best Companies That Will Pay For Your College » College Financial Planning » The Best Companies That Will Pay For Your College



Student loan debt doesn’t just go away. You can use one of these weird ways to pay off your college loans – or you could work for someone who pays it off for you.

Since Starbucks announced the details of its College Achievement Plan in 2014, it seems like companies have been scrambling to offer tuition assistance as a work benefit. It’s a great way for employers to attract talented and competent employees, and the workers benefit by receiving deeply discounted degrees.

According to the Society for Human Resource Management (SHRM), 51 percent of employers offered “undergraduate educational assistance” in 2018. [1] But not every company offering college benefits is legitimate.

In some cases, like Red Lobster, employers are simply herding potential students into private tuition loans financed by big banks.

Here is a list of some companies with tuition reimbursement or tuition assistance.

Food industry


The coffee company made big news in 2014 when they announced that any of their employees could take two years of online courses at Arizona State University, but they made news again the year after when they expanded that coverage to include all four years of tuition at ASU. [2]

The college has more than 80 online degree programs to choose from, and the benefit is available to all of Starbucks’ 291,000 full- and part-time employees.


The best part about the grocery chain’s tuition program is that you only need to work there for a minimum of 10 hours a week to get the benefit. [7]

They cover individual courses and occupational or technical programs up to $3,400, or reimburse up to $12,800 for any of the 15 undergraduate degree programs that qualify. Plus, “other majors may be approved if related to an associates’ current position or established career path.”

Technology industry


Apple pays up to $5,250 a year of any employees’ tuition. [3]


The Verizon Wireless tuition reimbursement program allows employees to get reimbursed for up to $8,000 a year for full-time employees and up to $4,000 a year for part-time employees. The money can be used for associate’s, bachelor’s, or MBA programs at colleges and universities across the country.

Employees received $94.1 million in 2015 through the program, Verizon to USA Today in 2017. [5]


The search giant offers up to $12,000 in tuition reimbursement per year, as long as you get a B or higher in all your courses. [6]

Finance industry

Wells Fargo

Big banks aren’t all bad – Wells Fargo reimburses its employees’ “eligible tuition expenses” of up to $5,000 per year.

Bank of America

Bank of America, on top of adoption and child care reimbursements, will also reimburse your tuition up to $5,250. That’s only as long as you’re taking job-related courses or doing a similar degree program.

Miscellaneous industries

Fiat Chrysler

Any salesperson who works at a Chrysler, Jeep, Dodge, Ram Truck, or Fiat dealership will be eligible for up to $5,000 per year for tuition and fees and up to $200 in textbooks.

Children of employees are also eligible to apply for a company-sponsored scholarship.


Available to full and part-time employees, the UPS tuition assistance program offers up to $5,250 per calendar year, up to $25,000 total for both undergraduate and graduate programs.

In 2018, the company said it provided $620 million to approximately 12,000 students. [4]


The international energy corporation will reimburse up to 75 percent of your college education. However, your degree program must relate to your job at Chevron. [8]


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