Good or bad identity of Wal-Mart, I think this is a step in the right direction. I have personally had to go through the situation where I needed the financial help and job security which were interdependent on each other.
In order to have the job security I needed to take higher studies and in order to pay for the higher studies I need the job. I already had the loans to pay for the education as I skipped the college after certain time and now wanted to get back into school but all counseling suggestions and the representative suggested loans were just outrageous.
I believe a company sponsored solution will be greatly helpful to these Wal-Mart employees.