Discover Offers Employees a Full-Ride Bachelor’s Degree Program
June 12 2018 - 4:00AM
Business Wire
The new Discover College Commitment Program
covers tuition, required fees, books and supplies needed to
complete select online degrees
Discover announced a significant new education assistance
benefit that 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.
“Discover’s new bachelor’s degree program is creating a
life-changing opportunity for its employees across the U.S. to earn
a college degree - at no cost - while continuing their
careers,” said Guild Education CEO Rachel Carlson. "Discover’s
meaningful investment in employees is incredibly rare and
generous. We hope Discover’s bachelor’s degree program will lead
the way for other financial services companies to follow suit,
offering affordable and accessible higher education options for
working adults.”
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.
Additional educational and training benefits that Discover
provides its employees include:
- Education Assistance Program provides
eligible employees tuition reimbursement for a qualified
Associate's, Bachelor's, or graduate degrees from accredited
colleges outside of the Discover College Commitment program.
- The Discover Leadership Education
Advancement Program (LEAP) provides select employees the
opportunity to earn a bachelor’s degree while focusing on
leadership development through academic coursework.
- The Discover on-site MBA program from
Lake Forest Graduate School of Management provides select employees
a degree that helps strengthen key leadership and business
management skills.
- Discover’s internal professional
development program offers hundreds of courses on everything from
communication and decision-making to agile software
development.
For more information about the Discover College Commitment
program, including eligibility requirements, please visit
www.mydiscoverbenefits.com/keyword/education-assistance.
About Discover
Discover Financial Services (NYSE: DFS) is a direct banking and
payment services company with one of the most recognized brands in
U.S. financial services. Since its inception in 1986, the company
has become one of the largest card issuers in the United States.
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. It operates the
Discover Global Network comprised of Discover Network, with
millions of merchant and cash access locations; PULSE, one of the
nation's leading ATM/debit networks; and Diners Club International,
a global payments network with acceptance in 190 countries and
territories. For more information, visit
www.discover.com/company.
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Discover Financial ServicesSusan J.
Villalobos224-405-5344susanvillalobos@discover.com@Discover_News
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