Walmart has a plan to pay for its workers to get college degrees without going into debt.
In an effort to help decrease the growing student debt nationwide, Walmart announced Tuesday that the company will begin offering free college tuition and books to its 1.5 million U.S. employees, effective Aug. 16.
Starting next month, the retail giant said it will drop its existing $1-per-day fee for associates who participate in its Live Better U education program. As a result, approximately 1.5 million part-time and full-time Walmart and Sam's Club associates in the U.S. will be able to earn college degrees or learn trade skills without the burden of accumulating college debt.