Discover Offers Full Ride Scholarships for Employees
Discover is launching a new program that pays the college costs of their employees. Discover will cover the full cost of tuition, fees, books and other educational supplies for up to four years at select universities.
This full-ride scholarship is available for online degrees at Brandman University, the University of Florida, and Wilmington University. Employees are eligible regardless of how long they have worked for the company, even if they have only been there one day. The Discover College Commitment program is only for full-time and flex part-time employees who are obtaining their first bachelor’s degree.
Discover will pay for the cost of education “after grants have been applied,” which means that students must still apply for a Federal Pell Grant and other free financial aid opportunities. Employees must have an active status in the company and be in good standing. To maintain the scholarship, they need to maintain at least a 2.0 GPA, and receive satisfactory performance ratings at work.
Discover has a longstanding commitment to higher education. They are one of the largest private student loan providers in the country, and have several cash back credit cards for students. They also offer degree assistance for employees, which pays up to $5,250 per year for bachelor’s programs and $10,000 per year for graduate programs.
Discover sees these educational assistance programs as an investment in their future. The theory is that students who work for Discover during their education will remain with the company after earning their degrees.
Jon Kaplan, Discover’s vice president of training, said, “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.”