Cooperative Education is about much more than work experience. A co-op work term is a course that goes on your transcripts (making you a full-time student) and links your classroom instruction with paid, full-time work experience in your field of study, all while filling the short-term (usually four or eight months) recruiting needs of employers.
The work term often serves as a “test drive” for both employers and students to assess suitability for future employment. There is also solid evidence that students who complete degrees with the cooperative education designation often receive higher starting salaries and find grad jobs sooner than their non-co-op counterparts.
Globe and Mail (June 2013): Want university to be worthwhile? Take a co-op program