Following a literature review, this article analyzes the financial impact of credits for experiential learning on a major midwestern university. Both students and the institution appear to have benefited economically. Questions are raised concerning who should benefit from publicly supported education--students, society, or all three. Includes 28…

It is suggested that student learning through cooperative education programs should be evaluated in terms of stated objectives, and that it should be the basis for awarding degree credit. Purposes of, responsibility for, time of, and means of evaluation are discussed. (Author/LBH)