Employees of the nation's largest retailer will soon be able to obtain a college degree for about $1 per day.

The new program teams Walmart with Denver-based Guild Education in offering employees a chance to obtain an associate or bachelor's degree in business or supply-chain management. Employees will pay $1 a day at one of three non-profit online universities: The University of Florida, Brandman University and Bellevue University.

Walmart will subsidize the cost of tuition, books and fees. Most workers will end up paying about $75 per semester, the company said.

"Investing in the personal and professional success of our associates is vital to Walmart's future success. We know training and learning opportunities empower associates to deliver for customers while growing and advancing in their careers," said Greg Foran, CEO of Walmart U.S.

The program is available to both full-time and part-time workers who have been with the company at least 90 days.

The company said it hopes to expand the program to cover other degrees. Walmart's existing program covers the cost of workers and eligible family members seeking a high school diploma or GED equivalent.

.

.