Northeastern University in Boston, for 100 years no less, has let students work for a company for six months as part of a co-op program.
Twenty-seven hundred employers around the world take the students, who work for the time allotted and return to school.
This can mean, though, that it takes them five years to graduate. But on the upside, 60% are offered jobs when they do graduate.
Many companies, in fact, dropped summer internships as not being long enough, and went co-op.
Do Mom and Dad basically pay the salary—well, sort of, although there is some scholarship money around.
Sounds like someone takes the hit—but I guess it works for many.