More Information on WWE Aiding Former Talent Financially

As we previously reported, despite recent financial struggles for WWE, WWE is doing its best to aid its former talent. The company has offered debt assistance, in addition to financial planning, to all its former talent, including referees. This assistance would be free of charge to the former WWE employee.

Additionally, the company wanted to help the aforementioned former talent with education. The company offered financial scholarships up to $5,000 per semester in an effort to help that talent improve upon his or her college education.

In an update on the story, Wrestling Observer Newsletter has obtained the letter sent out to former talent. In the letter, the program is called the “Professional Development Program.”

Below is the letter sent to former talent, announcing the company’s Professional Development Program:

WWE is pleased to announce a Professional Development Program available to former WWE talent, and in some cases, their family members. The Professional Development Program aims to provide guidance and support beyond your tenure with WWE. The first two initiatives are:Financial Education and Continuing Education.

Money Management International (MMI) is the largest non-profit credit counseling agency in the country and has partnered with WWE to provide financial education to WWE talent. Please see enclosed packet for more information. The use of MMI is free for you and your immediate family members. We encourage you to reach out to MMI for assistance.

WWE is now offering financial scholarships to former WWE talent in the amount of $5,000 per calendar year to be used for obtaining a college degree or completing a certificate program. In order to receive this scholarship, a former WWE talent must apply for the three annual scholarships that are available. Please note–the deadline for the 2014 award is Friday, 8/1.

To keep former WWE talent up to date with WWE news, we will be distributing via email an “Alumni Newsletter” on a quarterly basis. The newsletter will include information on WWE news, archives, wellness, professional development and more.

Editor’s Note

This is a fantastic thing for WWE to do, especially given the fact it recently released 11 personnel.