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Average earnings for a co-op work term
In accordance with the Canadian Association for Co-operative Education (CAFCE), you must receive some monetary compensation for your co-op work terms, in order to receive credit.
In some situations, unpaid co-op jobs will be approved for work term credit, as long as the job conforms to the guidelines for unpaid work terms.
Co-op rates of pay vary widely depending on:
- your employer,
- your program of study,
- and work term level.
Usually, pay increases with experience.
Co-operative Education records pay rates during work site consultations and then compiles this data to form average annual earnings.
Employers aren’t required to follow these pay rates, but they may use them as a guideline. Your employer ultimately determines pay rates.