Is Starbucks' "College Achievement Plan" one big corporate con?
I think the media got the wrong headline out of this announcement, but I think Starbucks has the right idea for thinking this way.
They are only providing a small stipend to their employees; ASU is offering most of the funds. Then students are required to take out loans, so it's Starbucks essentially colluding with loan instituti con.
Get a degree. Continue working at Starbucks post degree because you can't find work anywhere else. I don't think Starbucks is the con artist, I think colleges and universities are the con artists.
I think it is a good business move, but I think in the long run it will be beneficial for the students and therefore is not a scam!
It's definitely a good business move, making the company look compassionate, but there's still something a little sketchy about this program.
Seems like marketing to me and also it's going to just make the student debt crisis worse. If they were actually paying/granting the money, I would be all in favor.