Answered by Mike, Hiring Expert at Avery Dennison Corporation, on Friday, November 2, 2018
That's a tough situation - I'm glad your looking for guidance on this one.
I think before resigning or speaking to your employer, I would recommend first digging in deeper and understanding more about what you need to do to complete your degree. For example, could you take courses in the evening or on weekends? Or, could you take similar courses at a more local college/university that will transfer the credit? Understanding the scope of the situation and what the school requires to complete your degree would be the first step.
From there, I would recommend being transparent with your employer. Present to your manager and/or HR your situation. If there is an option to stay with the company, but still meet the degree requirements, I would present that as a potential solution. If not, they might be willing to be flexible given that you were transparent and honest about the situation. Who knows - they might also offer tuition reimbursement or be flexible on your hours to assist with you completing the degree.
But, don't be surprised if your employer simply wants to cut ties and go in another direction. If the degree was a minimum requirement for the position you applied for, they might need to terminate your employment to be in compliance from a legal standpoint. Each company is different in their policies along these lines.
Best of luck!