Word: profiteer
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There's plenty of outrage these days over how much people are paying for college and what they're getting - or not getting - out of it. Last August, for example, a graduate of Monroe College in New York City sued the for-profit school for the $70,000 she spent on tuition because she felt the school didn't equip her with the vocational skills to land...
...legality of unpaid internships at domestic, for-profit companies are under scrutiny the New York Times reported Friday, but this may not be a major issue for Harvard students seeking summer internships, according to Robin Mount, director of the Office of Career, Research, and International Opportunities...
Mount said 35 percent of internships in the OCS job database, Crimson Careers, are unpaid. She added that most of these are likely for non-profit organizations that can legally accept volunteer work or for firms abroad not covered by U.S. labor...
Federal and Massachusetts labor laws include standards unpaid internships must meet to be exempt from federal and state minimum wage laws. According to the U.S. Department of Labor’s Wage and Hour Division, unpaid internships at for-profit firms must fulfill six criteria. Among them, the experience must offer vocational training and not provide “immediate advantage to the employer...
Harvard students who do pursue unpaid domestic internships at for-profit companies may seek stipends from Harvard centers, such as the Institute of Politics. But, according to IOP Student Internship Chair Christopher W. Danello ’12, IOP Summer Stipend recipients do not generally work at for-profit companies...