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Internships-the vast majority unpaid-have become a staple of the college experience. In 1992, only 9 percent of graduating students had participated in internships; by 2006 that figure increased to 83 percent. Internships are often good for both the student and the employer. Yet the current system is fraught with problems. In a previous entry, I discussed how unpaid internships put lower-income students at a substantial disadvantage compared to their better-off peers who can afford a summer of lost wages and the high living expenses of city life. Students who can't afford an unpaid internship don't get the valuable leg-up they need in searching for employment after graduation.

College students around the country are now anxiously awaiting the results of their applications for summer internships. Once a rare added bonus for students, internships have become a standard component of the college experience. And most college students would attest that the need to find substantive summer work each year is crucial.