Target will fully cover costs, including tuition and textbooks, for 250 business-aligned programs. Direct payments for programs outside of Target’s aligned programs are capped at $5,250 for non-master’s degrees. The retailer will also pay up to $10,000 for master’s degrees.
Expanding benefits is becoming more commonplace as retailers compete for labor. Target has given out several rounds of new benefits to its team members throughout the pandemic, while also increasing its starting wage to $15 per hour.