Colleges and Universities to Subsidize Unpaid Internships

Student Loan Girl — Wed, 23 Jul 2008 22:08:00 GMT

Some small, private schools are beginning to offer internship grants to students who would otherwise have been unable to accept an unpaid or low-paying intern position, according to an article in The Chronicle of Higher Education (“Subsidizing the Internship,” July 18, 2008).

“That’s one of the more important aspects of career assistance that a university can provide a student,” said Mark Oldman, co-founder of Vault, a career-information company. Amid so many unpaid and low- paying internships, he told the Chronicle, “the university can come to the rescue financially.”

Once considered an added bonus to a college degree, internships have now become “a prime form of professional capital” for college students. But being that most internships offer little to no financial compensation, lower-income students are often placed at a disadvantage in the competitive internship field.

Internship-grant programs now being offered by schools across the country will subsidize unpaid or low-paying internships and allow more financially needy students to take advantage of these experience-building opportunities:

Connecticut College awarded up to $3,000 grants to two- thirds, or 285, college seniors
Austin College in Texas gave 54 students $2,300 each
Whitman College in Washington paid 26 students $2,100
Smith College in Massachusetts has pledged financial support for all internship-seeking students, regardless of their financial need

American University in Washington, D.C., while unable to offer direct financial assistance for internships, provides room and board for Native American students who secure internships at federal agencies or private corporations.

Butler University in Indianapolis, Ind., offers on-campus housing at a subsidized rate for summer interns through the Brain Gain program, as well as career counseling for those who participate in the program.

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Colleges and Universities to Subsidize Unpaid Internships