PepsiCo Launches Debt-Free Education Program for Employees

New Program Provides Access to 100+ Flexible Education and Upskilling Programs and Builds on the Company’s pep+ Commitment to Provide Meaningful Growth Opportunities

PURCHASE, N.Y. (March 2, 2022) – Today, PepsiCo announces the launch of myeducation, a new debt-free education offering, which enables more than 100,000 frontline and professional U.S.-based associates to develop their capabilities and take their career in a new direction. Through myeducation, associates will have access to more than 100 flexible education and upskilling programs from highly reputable schools and universities. PepsiCo will cover 100% of tuition costs, books, and fees for a wide variety of education programs within the debt-free catalog, in addition to its established tuition reimbursement program.

myeducation was designed through a partnership with Guild Education, the nation’s leading education and upskilling platform, and furthers the company’s pep+ (PepsiCo Positive) commitment. pep+ is a strategic end-to-end transformation with sustainability at the center of how the company will create growth and value by operating within planetary boundaries and inspiring positive change for the planet and people.

“As the workforce changes, PepsiCo is committed to making sure our associates grow with it, not just for the benefit of our organization, but also to build and support the communities in which we operate,” said Ronald Schellekens, Chief Human Resources Officer at PepsiCo. “By investing in targeted upskilling programs for in-demand roles and providing access to opportunities for higher learning, we can help ensure a future ready workforce.”

Education paths offered within the debt-free catalog include:

  • Foundational learning opportunities, such as high school completion, college prep courses, and English language learning classes
  • Undergraduate degrees in high-growth areas like business, operations and supply chain, data analytics, technology, and more
  • Trade upskilling programs to gain new skills, such as obtaining a Commercial Driver's License (CDL) for in-demand roles
  • Bootcamps and certificates in business-aligned areas that can be completed with a smaller time investment

“I always wanted to learn how to drive and if I didn't jump on that decision, I possibly would regret it because I didn't know if it would come around again,” said Khaliah Mizell, PepsiCo’s CDL Pilot Program Graduate and Frito-Lay CDL driver. “Sometimes even if you're kind of nervous about making a big leap or taking a different path in life, you just have to take that leap of faith and you can't be scared.”

“Our frontline employees are the driving force of PepsiCo, ensuring consumers always have the products they want, anywhere they shop,” said Steven Williams, Chief Executive Officer of PepsiCo Foods North America. “We want to provide all employees with access and opportunities to further their careers by expanding their individual skill sets. myeducation is one of many ways we are investing in our people, greatly impacting the communities we serve.”

“myeducation embodies PepsiCo’s commitment to its employees, offering flexible education options that will make a significant impact in individual career paths,” said Kirk Tanner, Chief Executive Officer of PepsiCo Beverages North America. “The program gives our frontline team members a competitive advantage to transform their careers and livelihoods, while helping PepsiCo strengthen the communities we serve.”   

PepsiCo’s continued success depends on its associates flourishing, and investing in new programs, such as myeducation, to support their continued growth and fulfillment will allow them to make a positive impact at work, at home and in their local communities. PepsiCo’s goal is to provide meaningful growth opportunities for its associates by helping them grow their skills and excel in current and future roles.

About PepsiCo 
PepsiCo products are enjoyed by consumers more than one billion times a day in more than 200 countries and territories around the world. PepsiCo generated more than $79 billion in net revenue in 2021, driven by a complementary beverage and convenient foods portfolio that includes Lay's, Doritos, Cheetos, Gatorade, Pepsi-Cola, Mountain Dew, Quaker, and SodaStream. PepsiCo's product portfolio includes a wide range of enjoyable foods and beverages, including many iconic brands that generate more than $1 billion each in estimated annual retail sales.

Guiding PepsiCo is our vision to Be the Global Leader in Beverages and Convenient Foods by Winning with PepsiCo Positive (pep+). pep+ is our strategic end-to-end transformation that puts sustainability at the center of how we will create value and growth by operating within planetary boundaries and inspiring positive change for planet and people. For more information, visit www.pepsico.com

About Guild Education

Guild Education is a social impact company that empowers American workers to unlock life-changing opportunities for personal and professional advancement through education, skill-building, and coaching. As a certified B-Corp founded to bridge the gap between education and employment for working adults in the U.S. in need of upskilling for the future of work, Guild's industry-leading technology platform allows the nation's largest employers — including Walmart, Chipotle, Discover, Hilton, Macy's, Target, and The Walt Disney Company — to offer strategic education and skilling to their employees. Guild connects workers to a learning marketplace of the nation's best learning partners for working adults with tuition paid by the company. Guild's payments and technology platform, curated learning marketplace, and advanced education and career services come together to help working adult learners advance in their education and career, debt-free. For more information, visit https://www.guildeducation.com/

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