One of the greatest socioeconomic divides right now centers on education. More and more entry level jobs require formal post-secondary education and meanwhile the cost of that education continues to grow.
For many families, that cost makes the whole idea of college impossible and those who do manage to go are saddled with debt that will take decades to pay back.
Hormel Foods, which is based in Austin, Minnesota, employs about 16,000 workers in the United States at more than 30 factory and office locations.
The initiative, called Inspired Pathways, is open to the dependants of every single one of those employees.
Additionally, there will be no performance requirement to meet in order to be approved.
As long as they have graduated high school and been accepted to the college course, the tuition will be paid.
They know that it will likely be expensive to fund the program, but according to Jim Sheehan, the executive VP and CFO:
"Our goal is that it costs us a lot; we want as many people to go as possible."
"A lot of these children will be first-generation college students — we’re excited about that," Sheehan said. "[We asked ourselves] how can we help those people who may not have the full opportunities others do? It’s through helping them educate their children. Let’s give them a step up."
h/t: Good News Network
