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TL;DR
- Disney will implement cutbacks to its Disney Aspire college tuition program starting November 27, introducing an annual funding cap of $5,250 for in-network schools, eventually affecting all students across all schools.
- The program will no longer cover Master’s programs or Penn Foster Trades programs, although current students in these programs can continue but will be subject to the new funding cap.
- Disney Aspire, launched in 2018, has supported over 4,600 cast members; however, the changes may impact Disney’s recruitment and retention efforts, as 25% of hourly role applicants cited the program as a primary reason for applying.
- The current term funding remains assured for enrolled students, but any future expenses exceeding the new cap will be billed to students, necessitating discussions with schools.
- Disney remains committed to supporting educational success and career development for its cast members and plans to announce further details and resources in the future.
Changes to Disney Aspire Program
Disney recently announced some big changes to its Disney Aspire college tuition program, and this is something many cast members are talking about. These changes will start on November 27th, and they affect how much students can receive for their education. So, let’s break down what’s happening!
What’s New?
First off, Disney is introducing a funding cap of $5,250 per year for students attending in-network schools. This means that after this amount, any extra costs will need to be paid by the students themselves. These caps will eventually apply to all students at all schools that are part of the program.
Additionally, Disney is completely removing Master’s programs and certain trades programs from Disney Aspire. This means that new students won’t be able to enroll in those programs anymore.
About Disney Aspire
Disney Aspire started in 2018 and has helped a lot of cast members further their education. Over 4,600 current cast members have completed the program, and around 11,600 students are enrolled right now. Disney originally described Aspire as a way to break down barriers to education, offering 100% tuition coverage and support for things like books and fees. They saw it as a great benefit to help workers avoid the heavy burden of student debt.
Why It Matters
These changes to the Disney Aspire program could make a big difference in the company’s ability to hire and keep cast members. In fact, one out of four applicants for hourly jobs at Disney in the U.S. said that the Aspire program was a major reason they wanted to work there. Plus, more than half of the students in the program are working towards a Bachelor’s or Master’s degree, and many identify as people of color or women.
For current students, Disney will still fully fund the current term. However, students should be aware that any amounts spent in this term will count towards the new funding cap starting next year. Disney encourages students to talk with their schools about their options going forward.
Current Students and Future Enrollment
While the Master’s programs and Penn Foster trades are unavailable for new students right now, anyone currently enrolled can complete their studies. If you applied for a program that is no longer available before September 5, 2024, you can still continue if you get accepted, but keep in mind that the new funding rules will apply.
Disney reassures students that they remain committed to supporting their education and career paths. They promise to offer more information and resources in the future.
Good News for Some Programs
It’s also worth noting that there haven’t been any changes to the Disney College Program, which is separate from Disney Aspire. So, students enrolled in that program can continue as usual.
A Disney spokesperson mentioned that they are always looking to adapt and enhance the Aspire program to meet the needs of their cast members. They continue to offer various educational paths and support for cast members wanting to advance their careers.
In Summary
Disney is making some significant changes to its Disney Aspire program, including a funding cap and the removal of certain programs. While current students will still receive full funding for their current term, it’s important to stay updated and talk to school advisors about future plans. Disney emphasizes its commitment to supporting cast members educational journeys, even as these changes take place. Keep an eye on updates if you’re part of the program!
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