Average Earnings Earnings in Each Year After Graduation by Co-op participation 15 J We find that the benefits of work-based learning Co-op are also reflected in graduates' paychecks. Students 14 $14,975 $14,018 Non Co-op who participate in work-based learning have 13 $13,545 higher average annual earnings than their class- $12,930 12 mates in all four years after graduation. Although 71 311,742 the carnings gain enjoyed by Co-op students Thousands of Dollars diminishes over time, Co-op students earn about 10- $10,033 $3,300 more than their classmates overall. $8,722 $7407 6 1 Your Alter 4 Your Aller Oncaution Graduation Work- based learning participants earn more than their classmatesWork-based Learning: Benefits from the Student's Perspective The study finds that work-based learning has Return on Investment for Co-op Students immediate financial benefits for students. As Co-op course cost compared to increased first year earnings shown above, students with Co-op experience earn $1,225 more in the first year of work Given the $1200- reasonable cost of taking classes in the community $1225 colleges', students participating in work-based $1090- learning can therefore earn back their course fees and materials costs up to 10 times over in just one $800- year. This additional income also generates benefits to communities, as well as higher cax revenues to $800 - the State. $400- $200+ EST $125 Cost to CCC Student Additional for Co-op Courses Estimated Earnings The mean number of Co-op credits for students who took theit courses is 4. 84. Ar $18 per unit plus modest direct expenses. we estimate average Work based learning participants cam a substantial Qworse custs for Co-op to be $1% per unit or $125 for $ units return of their Co-op canse bryesturent3. Co-op students can expect to earn more than non-coop students How much more will they earn? 4. Calculate how much this extra earning would be at the end of 30 years if it can be invested at 5% interest per year