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Arizona State University

Walmart to offer employees a college education for $1 a day

Walmart, the country's largest private employer, announced Wednesday that it will pay for its workers to go back to school - as long as they get degrees in business or supply-chain management.

The retailer is partnering with three universities to offer associate's and bachelor's degrees to 1.4 million part-time, full-time and salaried Walmart and Sam's Club employees - a pitch to improve employee retention rates and engagement at work, while also drawing new workers. Walmart will cover the costs of tuition, books and fees, while employees will be required to pay $1 a day for the duration of their studies.

"We know there [are] a lot of benefits from a business...

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