Benefits of the Co-op and internship programs include:
- Students largely fund the cost of their education and depend less on loans, grants, bursaries, and other forms of financial assistance when placed in paid employment.
- Students are employed for up to 12 months while completing their diploma / degree and earn in the range of $10-24 an hour for many programs.
- Students find full time employment upon graduation faster than non co-op students.
- A 2005 report by the University of Waterloo, a leader in promoting Co-operative Education, confirmed that students who complete co-op programs enjoy several advantages in graduate employment. Among these advantages are higher initial employment rates and higher starting salaries.
- Gain a realistic understanding of the job market and develop relevant employment skills before graduation.
- Try a variety of employment settings and career options, often resulting in better and more informed decisions upon graduation.
- Gain experience in the practical aspects of their field and make valuable contacts for future employment.
- Gain exposure to role models in the workplace.
- Enhance understanding of course material.
- Graduate with significant resume, job search skills, and a network of contacts.