A different view of cooping. It allows you to break up what will be a very rigorous academic schedule with work experience that will shed some practical application to what you are learning. It allows you to meet people outside of your normal sphere and make friends beyond just those you might make in class and at your university. It also has the advantage of giving you insight into what is like to be an engineer. Most students I know who have cooped liked the experience very much and appreciate the experience (and the money that went along with it).
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