Traditional Tuition Assistance Programs (TAPs) often fail to address the rapid upskilling needs of SMBs, with low utilization rates and barriers such as slow implementation and inequitable access. In contrast, prepaid learning stipends offer a faster, more equitable solution. These stipends simplify administration, promote accessibility, and deliver measurable business outcomes by allowing employees to pursue personalized learning paths. Degreed’s centralized platform enhances this approach by providing access to diverse resources and tracking progress. Case studies, such as Checkr's success, demonstrate increased engagement, retention, and ROI, making learning stipends a transformative strategy for modern workforce development.

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