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This morning at a company meeting in Manhattan, Starbucks billionaire CEO, Howard Schultz, announced that the company would pay for thousands of workers, including baristas who work just 20 hours a week, to get a bachelor’s degree through Arizona State University’s online program. The initiative, the first of its kind, will allow many of the Seattle-based company’s 135,000 workers to graduate debt-free. Those who already have two years of college credit under their belts, will be entitled to a full tuition reimbursement. Those just starting college will receive subsidies worth an average of $6,500. There will be no requirement that employees who graduate with the program stay on at Starbucks.

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