MGM Resorts International To Announce College Opportunity Program And Expanded Educational Benefits
MBA Blog / 27th August 2018
MGM Resorts International (NYSE: MGM) (“MGM Resorts”) and the Nevada System of Higher Education (NSHE) will seek approval from the Board of Regents on September 7 for a program designed to make education affordable and accessible for its employees in Nevada and throughout the country.
Based on a partnership with NSHE, the College Opportunity Program strengthens MGM Resorts’ commitment to professional development and offers the company’s employees an online education through NSHE schools, free of charge for all credit hours. This program will provide high-quality educational opportunities for MGM Resorts’ employees in Nevada and throughout the country. The schools include University of Nevada Las Vegas, University of Nevada Reno, Nevada State College, Great Basin College, Western Nevada College, College of Southern Nevada and Truckee Meadows Community College. By offering up several no-cost opportunities for entry and promotion into the middle class workforce, this historic partnership will also further the work of the MGM Resorts Public Policy Institute at UNLV, which is examining the future of work in the United States.
“As the American workforce continues to evolve, I believe in higher education as a pathway to the middle class. MGM Resorts is committed to expanding those pathways and investing in its employees and communities in which we operate,” said Jim Murren, Chairman and CEO of MGM Resorts. “We are focused on reducing the financial burden on our employees while increasing access to professional growth opportunities.”
Additional information on the College Opportunity Program will be made available after the Board of Regents meeting in Reno on September 7.
MGM Resorts has also announced an increase to its existing tuition assistance benefit while launching a new Student Loan Repayment Plan. Effective January 2019, MGM Resorts will increase its tuition assistance benefit to a maximum of $4,000 per year. Also in 2019, MGM Resorts will offer a new benefit featuring a Student Loan Repayment Plan, which will match a portion of monthly student loan debt payments to accelerate full loan repayment. Each program will give employees additional opportunities for vibrant careers and assist them with achieving their educational and professional goals.