University Marketing and Communications
University of Wisconsin-Superior
Belknap and Catlin
P.O. Box 2000
Superior, WI 54880
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Madison, Wis. – Following a successful pilot, Great Lakes Higher Education Guaranty Corporation is dramatically expanding its Career Ready Internship grant, awarding $5.2 million in new grants to 40 colleges and universities in four states to help students with financial need reap the educational and career-boosting benefits of paid internships.
Colleges receiving grants will collaborate with local businesses and nonprofits to develop new paid internships and convert existing unpaid internships into paid opportunities. When internships are unpaid, students who can’t afford to work for free miss the chance to gain a competitive edge in the job market. These new internships will give juniors and seniors with any level of financial need real-world experience within their field of study, and a better chance at competing with their wealthier peers for jobs after graduation.
Great Lakes tested the idea with a $2.5 million commitment to 19 Wisconsin colleges and universities during the 2013-2014 academic year. Participating in an internship did more than just provide these students with a paycheck; it improved their odds of progressing toward college completion. In fact, 98 percent of interns either re-enrolled the next semester or graduated. The 2014-2015 grant opportunity was offered again in Wisconsin, and expanded to include colleges in Iowa, Minnesota, and Ohio.
“We place a premium on ideas that work, and our Career Ready Internship grants help level the playing field for students who receive financial aid,” said Richard D. George, Great Lakes’ president and chief executive officer. “This program has the added benefit of developing relationships of lasting value between colleges and employers.”
This year, Great Lakes philanthropy will make a positive impact on more than 2,000 students who might not otherwise consider—and profit from—an internship. Recipients of the 2014-2015 Career Ready Internship Grants are:
To stay informed about the latest grant opportunities and initiatives from Great Lakes, sign up for the philanthropy newsletter.
About Great Lakes: Dedicated to making college education a reality since 1967.
Knowing that education has the power to change lives for thebetter, Great Lakes Higher Education Corporation & Affiliates was established as a nonprofit group focused on a single objective: helping students nationwide prepare for and succeed in post-secondary education and student loan repayment. As a leading student loan guarantor and servicer, we have been selected by the U.S. Department of Education to provide assistance and repayment planning to nearly 9 million borrowers – as well as assistance to colleges and lenders nationwide. Our group’s earnings support one of the largest and most respected educational philanthropy programs in the country. Since 2006, we have committed in excess of $100 million to promote higher education access and completion for students of color, low income students, and first-generation students. For additional information, visit home.mygreatlakes.org.
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