Berkshire Hathaway, a full-service real estate brokerage, has awarded Antioch University Santa Barbara a grant to provide financial assistance to students working at unpaid internships in the Santa Barbara area. The internship grant will be used to supplement a five-year $1.6 million federal Title III grant awarded to AUSB in 2014.
Antioch’s Title III grant is used to provide academic support services to students in the Bachelor of Arts program who are at risk of leaving college without a degree. The federal grant also funds the College-to-Career program, an initiative aimed at preparing career-ready graduates. Because federal funds cannot be used for scholarships or other types of financial aid, Berkshire Hathaway funds will be awarded to students who could not otherwise afford to do an unpaid internship. The Berkshire Hathaway grant will enable more AUSB students to complete an internship, starting them on the road to greater career success while they are still in school.
Completing an internship has many benefits to a student’s future career success. Studies show that 58% of graduating students who completed an internship – paid or unpaid – have jobs or job offers at graduation, thanks to their prior experience interning in their chosen fields. So far, College-to-Career participants have been successful in obtaining employment at graduation or in being promoted at their current jobs.
Local nonprofit organizations that generally cannot afford to pay for internship help will also benefit from the work of Antioch students.
Antioch University Santa Barbara has been a downtown presence for almost 40 years, with a strong relationship with the Santa Barbara community. Every undergraduate student spends one term volunteering their time in local nonprofit organizations, totaling thousands of hours annually in community service. Many undergraduate students transfer from Santa Barbara City College, however, the program also serves older, returning adults who want to complete their degrees. In addition to an undergraduate program, the campus offers graduate degrees in psychology, business, education, and writing, and contemporary media.