Keeping a Guarantee

Lansing Community College (Mich.) has been making news about an enrollment policy with a money-back guarantee starting next month, during a time when such a offer would seem questionable.
In May, the “Get a Skill, Get a Job” program will center on four of that area's most in-demand technical jobs: call-center specialists, pharmacy technicians, quality inspectors and computer machinists. Students who take six-week courses in certain subjects (earning a certificate) will be guaranteed a job within a year or be refunded their tuition money.
Those who are accepted in the program can't miss any classes or assignments and must participate in an employment readiness workshop. After they complete one of the six-week training courses, they must prove that they're actively job searching.
A school in the east offers a similar guarantee, but it focuses on undergrads. Since 1999, administrators at Thomas College (Maine) have maintained a vow through the Guaranteed Job Placement Program (G-Job). G-Job, a contractual partnership, offers two options for baccalaureate graduates don’t secure employment within six months. (See University Business magazine's report on G-Job here.)
First, re-enroll at Thomas for free or have the college pay their monthly federal subsidized student loans for up to a year or until a job is landed. Or, those who choose to head back to class may either take an unlimited number of tuition-free undergraduate courses for up to two years or take up to half of the graduate courses required to complete any master’s degree program. Students must maintain at least a 2.75 GPA, be in good financial standing, complete an internship, and have contact with career services.
In just over a decade, only six Thomas graduates have ever taken advantage of the guarantee (two of them in the past two years). Most opted to take graduate courses.
As for Lansing, officials are reported as saying they anticipate the job guarantee program will be highly competitive. A maximum of 15-16 participants per program is planned.