Problem:
Thirty five thousand bucks. According to a 2013 Fidelity survey of recent grads, that’s the average debt a student today accumulates upon graduation. And, not surprisingly, many students' plans for debt management is vague.
Solution:
Credit Union Career Corps introduces recent college graduates to credit unions careers. It's a tuition reimbursement program, paid forward, that incentivizes recent graduates to explore full-time employment with credit unions.
Test Results:
The i3 team tested a custom, eight-week learn-and-serve experience in a credit union with promise of identifying suitable potential employees. They also conducted research on suggested compensation, debt-reduction payments, and recruitment materials.
Credit unions interested in the idea indicated that they would offer as much as $1,000 for every $10,000 in salary for student loan debt payment.