McDonald's Corp. is providing $ 150 million in student allowance for its employees, the fast food giant announced Wednesday, March 29.
The money will be used to finance the Archways to Opportunity education program, the student-assisted student helps at adult education colleges, universities or business schools and associate them with English language courses and educational counseling services.
McDonald's said the funding provided by the Trump Administration's changes to the US tax law was available, lowering the corporate tax rate.
Approved Crew Members May Receive Up to $ 2,500 and Managers Up to $ 3,000 Per Year in Study Grant from May 1
Lansing resident Renee Draves works at As a crew member at the age of 16, he now owns eight restaurants in Battle Creek and the Lansing area.
She has been part of McDona's ld's company for more than 40 years, and said she was the biggest cheerleader for the Archways program since its launch in 2015.
"I knew because I'm also the mother of two college students, how much college costs and how much good education can change your life," said Draves.
Draves said he used the Archways program to offer nearly $ 60,000 in study grants to more than 50 eligible employees since launching in 2015.
Dominique Sumerix started as a crew member like Draves and uses the study aid to pursue a degree in accounting from Kellogg Community College. The education she gains plays in the role she recently assumed as head of department at McDonald's.
"I can do everything we can from the timetables we create and let our staff work and all the training with them," said Sumerix.
She just started receiving study grants for the spring semester and said she would continue to apply when she moves from Kellogg to Davenport University to continue her education in cost accounting.
"It means a lot, it gave me a really great chance to go to school and work full time and be able to afford it," said Sumerix. "It was very helpful when it came to paying for books, and many more people should take advantage of it." Even after she has her undergraduate degree, Sumerix said she would like to continue working for McDonald's.
I love what I do, I love my work, "Sumerix said." It helps a lot to be able to do what I love to do and be able to pursue other interests and continue my education. "[McDonald'sUSleadactressMelissaKerseysaidanemployeelearnedEnglishthroughtheprogramandwaspromotedthreetimesin18monthsandnowservesasamodelforotheremployeesatherlocalMcDonaldslocation
The additional investment in The Archways to Opportunity was a result of hearing from crew members about additional services that could help them succeed with changes. In the American tax system, she said, "When the tax law came into play, it helped us get faster and us to invest more money than we had originally planned, "said Kersey.
Changes in eligibility requirements took effect on January 1, and the company already has seen a 10 percent increase in the use of the Archways program, which Kersey attributes to the knowledge of employees about the program and its benefits.
Draves is mo We look forward to talking to the people who are now eligible after 90 business days compared to the first nine months, and the weekly shift to 15 hours compared to was reduced to the previous 20 hours.
"I can not wait to have this conversation," Draves said. "I've always believed and am certainly a proponent that McDonald's is the best first job, if that does not cement, I do not know what that is."