With support from the $100 million Google Career Certificates Fund, Social Finance aims to empower more than 20,000 learners to realize over $1 billion in aggregate wage gains over the next decade. Google Career Certificates are industry-recognized credentials that prepare people for in-demand, entry-level jobs in the fields of data analytics, IT support, project management, and user experience design.
Learners enroll with a training provider partner to earn a certificate with no upfront training costs. The certificate courses feature skills training for high-growth careers; learner-friendly no-interest financing to be repaid only if trainees land a job earning at least $40,000 a year; and wraparound supports that can include employment-related services, such as living stipends, child care support, interview preparation, and job placement assistance.
MDRC is designing a rigorous evaluation of the program to assess its effectiveness in supporting economic mobility for learners who have been historically underrepresented in the technology sector.
Google is funding the initiative. Social Finance is designing the initiative to deploy funding toward optimal student outcomes.