Free College Education Offered to Dealership Employees & Families
December 17, 2015
According to College Board.org, the average cost for an undergrad to attend college is the following:
- Private Nonprofit Four-Year On-Campus: $47,831
- Public Four-Year Out-of-State On-Campus: $38,544
- Public Four-Year In-State On-Campus: $24,061
- Public Two-Year In-District Commuter: $16,833
In addition, College Scholarships.org reports that on average, student loan debt can range from $26,000 and $100,000. That’s a hefty price tag to obtain a degree. To curb that cost, many students work full-time jobs or receive student loans. And now a new program offered by FCA US LLC dealerships can also help cover the cost of getting an education.
FCA Partnership | FCA US & Strayer University: Degrees@Work
The Driving Factor
FCA US recently launched a Degrees@Work program and Degrees@Work Family offering with Strayer University, designed to provide a no-cost, no-debt college degree to participating FCA US dealership employees and their immediate family members.
By doing this, FCA US became the first company in the automotive industry to offer such a program. It is also the first U.S. company to provide a no-cost, no-debt college degree to both dealership employees and their immediate family members.
The first phase of program rollout began in May 2015 targeting more than 100 FCA US dealerships in the Southeastern US including Florida, Georgia, South Carolina, North Carolina, Alabama and Tennessee.
The national Degrees@Work program and newly offered Degrees@Work Family program will enable FCA US dealerships to attract top talent, improve the skillset of existing employees, lessen the burden of paying for college for families and significantly increase employee retention.
Strayer University, which is accredited by the Middle States Commission on Higher Education, will offer associate, bachelor’s and master’s degrees to all participating FCA US dealership employees and their immediate family members. Strayer University is a postsecondary institution with a more than 120-year history educating working adult students online and at campus locations across the country.
“We are proud to partner with a true innovator like FCA US to offer this first-of-its-kind employee benefit,” Karl McDonnell, CEO of Strayer Education, which owns Strayer University, said. “At Strayer, we’re dedicated to improving the way education and business work together. We’re thrilled to continue our partnership with FCA US to tackle college affordability and the skills gap head on.”
The program was developed using input from dealers and their employees. Depending on the selected program of study, courses will range from business administration and accounting to education, information systems and other areas. Courses will be offered online with 24/7 access for flexibility around work schedules, as well as at Strayer’s campus locations throughout the United States. Dealers’ employees can have their training and work experience evaluated for college credit to accelerate completion of a degree program.
“Families are often faced with tough choices about how to pay for college,” Al Gardner, Head of Dealer Network Development, said. “Expanding this benefit to employees’ immediate family members positions our dealer network as the ‘employers of choice.’”
To learn more about the opportunity, please visit http://fcadegrees.strayeruniversity.edu.