Helping In Other Ways

For working people who also need to attend to childcare and other matters, there are challenges. There are dozens of reasons why people might drop out of a learning program or not sign up in the first place. To help with the travails of everyday life that get in the way of pursuing a new career, living stipends, connectivity support, transportation credits, career navigators and other resources make it possible for people to participate in and complete training so that they can earn career certificates.

A wonderful success story can be found with Kara Isreal Gooch. As a single mother of three children, Gooch wanted to change her life for the betterment of her family and enrolled in a Goodwill program. With a lot of hard work, dedication and drive, she attained a Google Career Certificate, graduated from the program and secured a job at Accenture.

Private, Public And Nonprofit Partnerships

About 70,000 Americans have embarked upon programs and completed certificates. These certificates, recognized by around 150 companies— ranging from Walmart to Smucker’s Jam—prepare people for high-paying, high-growth jobs in fields like data analytics, IT support, project management and user experience design. An astounding 75% of graduates self-report seeing a positive impact on their career within six months. This includes getting a raise where they currently work or finding a new job due to their education through Goodwill and Google.

Social Finance, a national impact finance and advisory nonprofit, will provide funding to partners, who in turn will provide career coaching, living stipends and job placement support services. Students will be connected to an employer consortium of more than 150 companies that are looking to hire workers with these skills.

It’s not just a handout. The self-sustaining business model is designed around student success. Students will receive all of the necessary support to pursue the accreditations without having to bear any upfront costs. All that is asked of them is to work hard, and once they secure a job that pays at least $40,000, they’ll be asked to pay back the expenditures over a certain period of time. This ensures that they have “skin in the game” and are incentivized to study hard and succeed. The payback ensures that there will be continual funds to further grow the program, as Social Finance will then redistribute those repayments to future learners.

This model is built on the nexus of private companies and nonprofits working harmoniously together to help a large segment of the population achieve the American dream of building a better and more financially secure life for themselves and their families.