Walmart to Pay College Fees for Employees

Walmart has announced that it will pay for 100 percent of college tuition and books for its employees.

This means approximately 1.5 million part-time and full-time Walmart and Sam's Club associates in the U.S. can earn college degrees or learn trade skills without the burden of education debt.

As the largest U.S. private employer (with around 1.6 million employees in America), Walmart is committing to invest nearly $1 billion over the next five years in career-driven training and development.

"This investment is another way we can support our associates to pursue their passion and purpose while removing the barriers that too often keep adult working learners from obtaining degrees," said Lorraine Stomski, senior vice president of learning and leadership at Walmart.