You may use up to 6 credits of co-op UN 3002 towards your technical electives (per Departmental vote 10Feb2016). UN 3002, UN 3003, UN 3004, and UN 3005 are on the technical elective non-core list. Any additional co-op credits above 6 can count towards free electives.
Congrats on your coop!
You need to visit the Career Center and they will guide you through the process for all the things that need to be done (dropping classes, notifying financial aid, etc.)
There are some consequences if you do not register for UN 3002. If you are not registered for 2 credit of co-op then you will no longer be a full-time student. This could impact your financial aid (loans or scholarships), visa status, or qualification for health insurance. During the summer, however, most students do not need to maintain full-time status. In this case whether or not to sign up for the co-op class is purely your choice.
For those students here on an F-1 visa, the Career Center recommends that you register for co-op credits during the summer as well. By registering as a co-op student you are considered a full-time student and will not be utilizing your practical training time.
For each semester of co-op you can sign up for 1 or 2 credits of co-op class (UN 3002). If you need to be a full-time student during your co-op then you need to be signed up for 2 credits.
Yes, your co-op class is graded. Your employer will do a midterm and final evaluation on your work, and this evaluation will be submitted to Michigan Tech. You will be asked to do a midterm and a final evaluation of your employer as well. Lastly, to complete your co-op you must write a final report. All of this is used to determine your grade for the class.