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Workforce Edge and Best Buy work to Administer Expanded Employee Education Program

1. Workforce Edge streamlines Best Buy's education benefits through automation. 2. Best Buy expands collaboration with Strategic Education for employee education offerings. 3. Employees gain access to no-cost educational pathways via Degrees@Work program. 4. Strategic Education aims to enhance economic mobility through educational support. 5. Partnership benefits over 1,400 organizations by optimizing education investments.

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Why Bullish?

The partnership with Best Buy expands STRA's influence in employee education, potentially increasing enrollment in Strayer University programs.

How important is it?

The article highlights significant developments in STRA's partnerships impacting future growth, likely appealing to investors.

Why Long Term?

Sustained interest in education benefits could lead to consistent enrollment growth, similar to past collaborations that boosted STRA's stability.

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BBYEDUCAPOL
-Degrees@Work program will now be managed by Workforce Edge, a complete employee education benefits management platform HERNDON, Va.--(BUSINESS WIRE)--Today, Workforce Edge, the flagship education benefits management platform developed by Strategic Education, Inc., announced its relationship with consumer electronics retailer, Best Buy. Workforce Edge is designed to streamline education benefits and workflow management, combining intelligent automation, real-time insights, and personalized support to help organizations maximize the return on their education investment. The platform offers access to a broad network of education providers, enabling employers to tailor education benefits to meet their workforce priorities. Through this work, Best Buy expands its collaboration with Strategic Education, Inc.—a trusted workforce education partner that helps more than 1,400 partners upskill and retain their workforce by providing access to tuition savings and other education benefits. By leveraging Strategic Education’s Workforce Edge platform, Best Buy can now scale and streamline its education benefits to serve its thousands of employees through a single, centralized portal. “Best Buy is proud to work alongside Strayer University to expand our Degrees@Work program and enhance how our employees can engage with and manage their education benefits through the Workforce Edge platform,” said Charlie Montreuil, Best Buy SVP of HR Rewards. The move to Workforce Edge for Best Buy’s education benefits management comes on the heels of the company’s February announcement that all full- and part-time employees would have pathways to no-debt, no-cost-to-the-employee college degree options in partnership with Strayer University’s Degrees@Work program. This program offers employees the opportunity to take coursework or earn a certificate, associate, bachelor’s or master’s degree from Strayer University. “Best Buy is taking a bold approach to employee education by enabling all workers to expand their professional skills and pursue their educational goals. Workforce Edge will help ensure they can manage and measure the effectiveness of this program at this scale,” said Karl McDonnell, CEO of Strategic Education, Inc. “We are excited to partner with Best Buy on this groundbreaking initiative to support its employees in pursuit of economic mobility.” As the largest consumer electronics specialty retailer in North America, Best Buy has been an industry leader in providing education benefit options to its workforce. For over a decade, the company has partnered with Strayer University to provide their employees with tuition discounts and reduced fees. To learn more about Workforce Edge, visit www.workforceedge.com. Best Buy employees can visit bestbuy.workforceedge.com to explore their education benefits. About Strategic Education, Inc. Strategic Education, Inc. (NASDAQ: STRA) (www.strategiceducation.com) is dedicated to helping advance economic mobility through higher education. We primarily serve working adult students globally through our core focus areas: 1) U.S. Higher Education, including Capella University and Strayer University, each institutionally accredited, and collectively offer flexible and affordable associate, bachelor’s, master’s, and doctoral programs including the Jack Welch Management Institute at Strayer University, and non-degree web and mobile application development courses through Strayer University’s Hackbright Academy and Devmountain; 2) Education Technology Services, developing and maintaining relationships with employers to build education benefits programs providing employees access to affordable and industry-relevant training, certificate, and degree programs, including through Workforce Edge, a full-service education benefits administration solution for employers, and Sophia Learning, which offers low-cost online general education-level courses that are ACE-recommended for college credit; and 3) Australia/New Zealand, comprised of Torrens University, Think Education, and Media Design School that collectively offer certificate and degree programs in Australia and New Zealand. This portfolio of high quality, innovative, relevant, and affordable programs and institutions helps our students prepare for success in today’s workforce and find a path to bettering their lives. More News From Strategic Education, Inc.

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