The Pathway to One Illinois

Report
Showcase of the IBHE Illinois
Cooperative Work
Study Grant Program
Concordia University
February 4, 2014
Rich Jachino
IBHE Grant Administrator
Why Showcase the Cooperative
Work Study Program ?
• Continued success and positive outcomes for
the past 23 years
• Survey results consistently show that 70
percent of the interns get hired full-time in
their fields of study
• Benefits thousands of students academically
and financially annually across the state
2
Program Purpose
(110 ILCS 225/3)
“A program of financial assistance to expand
opportunities for students to pursue
internships, clinical placement, cooperative
programs with business and industry, and
other work opportunities linked to a student's
academic program. “
3
Program Goals
• Expand opportunities for students to pursue internships, clinical placement,
cooperative programs with business and industry, and other work
opportunities linked to a student’s academic program;
• Strengthen cooperation between higher education, business, industry, and
government;
• Encourage social and community service;
• Maximize the use of matching contributions from business and industry, and
governmental and social agencies;
• Create new opportunities for public/private partnerships;
• Integrate other components of student financial aid to reduce reliance on
student loans; and
• Encourage students to seek permanent employment in Illinois.
4
Support of Public
Agenda Goals
• Goal 2 Ensure College Affordability
How - By allowing students to reduce their reliance on
student loans while providing a link between academic
programs and employment;
• Goal 3 Address Workforce Needs
How - By prioritizing work study opportunities for students
seeking degrees in high-demand fields; and
• Goal 4 Enhance Economic Growth
How - By increasing the pool of funds for job training, which
can result in businesses expansions in Illinois and
full-time employment for students after graduation.
5
Important Facts
• Initially funded in 1991
• Eligible to all public and private, associate and
BA degree granting Illinois institutions
• Fifty percent match from employers
• In FY2014, 1,187 students at 57 colleges and
universities will participate, 665 Businesses
with commit matching funds
6
Reduced Funding Over Time
46% reduction
7
Impact of restored funding
• If funding was restored to FY2009 levels
–An estimated 1,733 students could
participate in the program
–Resulting in an additional 382 Illinois
students being hired in full time
positions in their field of study
8

similar documents