Target Corporate Newsroom: Target Launching Debt-Free Education Assistance Program To More Than 340,000 Frontline Team Members

Press release from the Target Corporate Newsroom:

August 4, 2021

All U.S. part-time and full-time team members will be eligible for debt-free undergraduate degrees, certificates, certifications, free textbooks and more with no out-of-pocket costs on their first day of work at Target Debt-free offering will include an industry-leading 250 business-aligned programs from over 40 schools, colleges and universities; Target will also pay up to $10,000 annually for master’s programs Target taking steps to eliminate student debt and promote equitable access to education for its team as part of Target Forward sustainability strategy

Target Corporation (NYSE: TGT) today announced it will offer its more than 340,000 U.S.-based part-time and full-time frontline team members the most comprehensive debt-free education assistance program available in the retail industry.

Beginning this fall, all part-time and full-time team members working in Target stores, distribution centers and headquarters locations in the U.S. will be eligible for debt-free assistance for select undergraduate degrees, certificates, certifications, free textbooks and more with no out-of-pocket costs on their first day of work at Target. Target will invest $200 million over the next four years in the program.

“Target employs team members at every life stage and helps our team learn, develop and build their skills, whether they’re with us for a year or a career. A significant number of our hourly team members build their careers at Target, and we know many would like to pursue additional education opportunities. We don’t want the cost to be a barrier for anyone, and that’s where Target can step in to make education accessible for everyone,” said Melissa Kremer, chief human resources officer, Target. “Our team members are the heart of Target’s strategy and success, and we have a long history of investing in industry-leading pay, extensive benefits and career opportunities to help our team thrive and have rewarding careers at Target.”

Debt-Free Education Assistance

Team members will have options for assistance through a program that Target has been building for several months with education and upskilling platform Guild Education.

This press release was produced by the Target Corporate Newsroom. The views expressed here are the author’s own.