Starbucks Baristas: The daily grind
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ASU college program (self.starbucksbaristas)
submitted by alh1st
Okay has anyone on here gone to school through ASU? I’m a bit confused bc I just got off the phone with my ASU advisor and when I was looking through my class schedule and my financial plan I found that I owe about $6k. That’s after the Starbucks contribution. So then I went to the page where you can accept or deny student subsidized or non-subsidized loans and now I’m here, with questions. Of course I’m going through with my school program one way or another BUT I think it’s very misleading for Starbucks to advertise this as a free college program when in fact you will accruing student debt and paying it back in the end. Am I alone in being this surprised? I’m going to be taking out 7k in student loans per semester for a total of 5 semesters, IF I take 5 classes each round, so I’ll be $35k in debt by the end. I guess that’s not that bad?? Idk I’m doing it but I’m disenchanted. Starbucks is all like, “Get your first degree, on US!”
Okay and what about the part where Starbucks says you pay out of pocket and then at the end of the semester they reimburse you so then in theory you can keep rolling that money over every semester. Bleh I’m just frustrated. I’m okay with going into debt for school but I’m not okay with them lying about it.
Someone... halp. 😐
Okay and what about the part where Starbucks says you pay out of pocket and then at the end of the semester they reimburse you so then in theory you can keep rolling that money over every semester. Bleh I’m just frustrated. I’m okay with going into debt for school but I’m not okay with them lying about it.
Someone... halp. 😐
FelicityCecilia 2 points 2y ago
I was considering the ASU SBux program for spring.. it’s not actually free?!
ilovebrandonj 3 points 2y ago
It’s free! I did it and graduated with zero debt and only paid for textbooks the whole time!
alh1st [OP] 2 points 2y ago
Got it all sorted, it is free except for textbooks!
alh1st [OP] 1 points 2y ago
Edit: I’m a dumb dumb. I was looking at the wrong numbers. I owe $2342.00 per semester after the Starbucks contribution. BUT STILL.
ilovebrandonj 1 points 2y ago
And you’ll get probably a little over $2342 in your reimbursement at the end of the semester
alh1st [OP] 1 points 2y ago
Okay thanks for your help. I reached out to someone from Starbucks to walk me through everything. They’re going to (hopefully) call me
Back today.
Back today.
ilovebrandonj 1 points 2y ago
So you would never be even close to 35k in debt. I did the program and graduated and it really is free. At the end of every semester they reimburse everything you paid. You use that to pay the next semester. So you would never have more than 5k max in debt which is erased with the last reimbursement. Or you could pay cash and the reimbursements go to the next semester and you get the cash back at the end.
Edit to add: After the 42% scholarship my semesters were about $3000 when taking 18 credits a semester and the reimbursements were usually even over that much
Edit to add: After the 42% scholarship my semesters were about $3000 when taking 18 credits a semester and the reimbursements were usually even over that much
alh1st [OP] 1 points 2y ago
Okay you’re right, I was looking at the wrong numbers. Rn I owe $2342, that’s after the Starbucks contribution. So I’ll owe less than 3k per semester which is much cheaper than I previously stated. But what I don’t understand is exactly what/how I’ll be reimbursed. Will I be reimbursed if I pay the ~$2300 out of pocket? Why am I offered all these student loan options? Should I take one of those?
Really my confusion is stemming from the fact that my ASU advisor told me today that the program doesn’t work that way and I won’t be reimbursed for anything.
Really my confusion is stemming from the fact that my ASU advisor told me today that the program doesn’t work that way and I won’t be reimbursed for anything.
ilovebrandonj 3 points 2y ago
Okay so the paycheck after the semester ends you get the reimbursement. Mine were always a little bit more than I paid, no idea why.
I paid cash to start so I paid the $3k, would get reimbursed in my paycheck after the semester, pay the next $3k, get reimbursed, etc. Until I graduated and got the $3k and was back where I was before I did the program. So I didn’t mess with loans at all.
If you don’t have the cash, you take out a $3k loan, get reimbursed, use the reimbursement to pay the next $3k, get reimbursed, use it again, until you graduate and get $3k the reimbursement and turn around and pay the $3k loan off and it won’t have even gained interest yet.
I paid cash to start so I paid the $3k, would get reimbursed in my paycheck after the semester, pay the next $3k, get reimbursed, etc. Until I graduated and got the $3k and was back where I was before I did the program. So I didn’t mess with loans at all.
If you don’t have the cash, you take out a $3k loan, get reimbursed, use the reimbursement to pay the next $3k, get reimbursed, use it again, until you graduate and get $3k the reimbursement and turn around and pay the $3k loan off and it won’t have even gained interest yet.
alh1st [OP] 2 points 2y ago
Omg thank you!! I also just talked to my Starbucks/ASU coach and she said the exact same thing. Your info is spot on and I feel so much better now.
[deleted] 1 points 2y ago
You’re being offered loans because you had to apply for fafsa when you enrolled to determine if you were eligible for government assistance. Loans are the assistance. If you take them, only take subsidized loans because they are interest free while you are in school. Unsubsidized loans accrue interest when you are in school.
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