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• Monday, June 07th, 2010

By Chuck Bartels, AP Business Writer

LITTLE ROCK — Wal-Mart(WMT) announced a program Thursday in which its workers can receive college credit from the online American Public University and receive a tuition discount from the school.

The company also said it will commit $50 million over three years to help workers pay for books and tuition above the reduced tuition rate. After the reduction, tuition will cost $212.50 per undergraduate credit hour and $255 for graduate credits.

Wal-Mart Chief Administrative Officer Tom Mars said the program grew out of a larger commitment to cultivate talent within the company. The plan is open to domestic workers at Wal-mart and Sam’s Club stores.

“We wanted to create a new way of thinking about what we call associate development,” Mars said.

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