First, what is an "Fully Funded Employer Degree Program"?
In this model, employers convert their tuition assistance program into a strategic recruitment and retention tool. The business contracts through a third party or directly with an educational institution to provide employees with a fully funded, i.e., zero or low cost degree program (e.g., Disney's 100% free Aspire or Walmart with it's $1 a day programs). Search Google for, "walmart employee education program".
Did you know that Brandman University leverages Strut Learning to support Walmart, Disney, Discoverer Financial, etc., CBE programs? With our complete accredited white-labeled degree programs, we can get your institution to market in 100 days, and open the door to new opportunities, i.e., Fully Funded Degree" programs.
The immediate challenge, is the number of "Fully Funded Employer Degree Programs" is growing, and so is the impact on the higher educations addressable market.
There are literally hundreds more "Employer Funded Degree Program" deals, but let's stop at 2,102,000. The trend is crystal clear - and Strut provides its clients with a distinct advantage to access this new market. Walmart has 1.5M employees in the U.S. How many Walmarts does your community have?
The trend towards "Fully Funded Employer Degree Programs" is crystal clear - and Strut provides its clients with a distinct advantage to access this new "Fully Funded Degree" market.
Are "Fully Funded Employer Degree Programs" different from an employer tuition assistance program? Yes, for two reasons: First, because as you read in the comments above, the employer contracts with a third party or directly with a individual higher education institution. Second, institutions provide the employer with a generous discount that includes all books and fees.
Walmart, Disney, etc., CBE students leverage Strut. With our complete accredited white-labeled degree programs, we can get your institution to market in 100 days, and open the door to new opportunities, i.e., Fully Funded Degree" programs.
Consider this point. Walmart has 1.5 million employees in the United States. How many Walmarts does your community have? Because Walmart employees can attend Brandman University, Bellevue University, Arizona State University, and other notable institutions for “$1 a day”, and that includes FULL tuition and books, and all fees are covered. With that, what are the chances any of the 1.5M Walmart employees will attend your institution? Bottom-line, “fully funded” degree programs are crucial to enrollment growth. And Strut's next-generation ecosystem, with its white-labeled programs, can get your institution to market in a 100 days, and open the door to new opportunities.
Transformational forces are reshaping the higher education landscape. My view is, we're at the leading edge of a structural shift in higher education. This is driven by employers, OPMs, philanthropy, and the expectations of millennials and generation Z. In parallel, GUILD, Lumerit Education, InStride, Pearson, and mega universities such as ASU, Purdue Global, SNHU, WGU, etc. are also changing the shape of the educational landscape.
Our partners have created a considerable addressable market for flexible subscription-based programs by working with some of the world’s leading companies. Through Strut client partnerships, employees at Walmart, Disney, Discover Financial, Taco Bell, Chipotle, now have access to flexible learning opportunities that match their busy lives and career goals. Starbucks makes up 27% of ASU’s online students. Brandman Universities MyPath program is growing at an annual rate of 75%, and others on the Strut platform are growing even faster. With “fully funded” degree programs, employers get an exceptional ROI. Flexible degree programs on Strut enable employees/students to manage a college schedule while working full-time effectively and smartly adjusting to “unexpected” life events.
As the competition for enrollment growth continues to escalate, institutions that differentiate with modernized learning technology and flexible subscription-based programs will thrive. And Strut enables innovators like University of Maine, Brandman University, Calbright College, University of Louisville, Central New Mexico Community College, Lipscomb University, and other notable institutions to efficiently deliver flexible subscription-based programs.