Loras College has been awarded a three-year, $410,540 Career Ready Internship Grant from Great Lakes Higher Education Guaranty Corporation. An anticipated 184 part-time, off campus paid internships will be created during the 2015-2018 academic years.
“Loras is proud to have another opportunity to bring high quality experiential learning opportunities to our students, in partnership with our business and non-profit partners and the Great Lakes Higher Education Guaranty Corporation,” said Martha Doyle, Career Ready Internship Grant specialist in the Loras College Center for Experiential Learning.
“Paid internships benefit students, colleges and employers,” said Richard D. George, Great Lakes president and chief executive officer. “Students gain meaningful workplace skills and are more likely to earn degrees and use their internship experiences to help secure good jobs upon graduation. Colleges will see increased completion and job placement rates, and employers gain a pipeline to fresh talent. It’s a win-win-win.”
Loras College is one of 33 colleges and universities in Iowa, Minnesota, Ohio and Wisconsin that received a combined $12 million in Great Lakes grants to make internships more equitable for their students with financial need. Loras will collaborate with businesses and nonprofit organizations to provide the greatest number of current and future students with an educational opportunity they might not otherwise have.
This is the second time Loras College has been awarded a Career Ready Internship grant from Great Lakes Higher Education Guaranty Corporation. Loras received a $135,244 grant for the 2014-2015 academic year, creating 47 paid internships with organizations ranging from the City of Dubuque Economic Development Department and Holy Family Catholic Schools to the National Mississippi River Museum & Aquarium and Hillcrest Family Services.
“Every Loras College student should pursue an internship, because it’s an amazing opportunity to take what you’re learning in the classroom and apply it to real life. I learned more at my internship than I could in any classroom because I was truly putting into practice what I was learning,” said Chelsea McCarraher, a Loras College 2014-2015 Career Ready Internship Grant recipient who worked with Sisters of the Presentation of the Blessed Virgin Mary in Dubuque, Iowa. “It’s when I was actually applying classroom theories—and learning from my mistakes—that I had the best experience I could.”
Eligible Loras College juniors and seniors can begin paid internships in regional companies and organizations beginning in January 2016. The Great Lakes grant period continues through May 2018.
About Loras College
Loras College leverages its historic roots as Iowa’s first college, the second oldest Catholic college west of the Mississippi River and one of the nation’s ten diocesan colleges to deliver challenging, life changing experiences as part of its residential, Catholic setting. According to the 2016 U.S. News Best Colleges rankings, Loras College was named the 13th Best Regional College: Midwest. Loras is known for academic excellence and outperforms peer institutions with 95.9 percent of the Class of 2014 reporting being employed or continuing their education within one year of graduation. For more information, please visit explore.loras.edu.
About Great Lakes: Dedicated to making college education a reality since 1967.
Knowing that education has the power to change lives for the better, 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 postsecondary 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 more than 8 million borrowers—as well as assistance to colleges and lenders nationwide. Our group’s earnings support one of the largest and most respected education philanthropy programs in the country. Since 2006, we have committed nearly $154 million in grant funding 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.