• Home
  • Latest
  • Coins2Day 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia
CommentaryCareers

Our entire approach to summer internships is broken–and many students don’t stand a chance

By
Jane Swift
Jane Swift
Down Arrow Button Icon
By
Jane Swift
Jane Swift
Down Arrow Button Icon
April 19, 2024, 6:55 AM ET
Coveted summer internships are often unpaid and benefit the students who already have resources and connections.
Coveted summer internships are often unpaid and benefit the students who already have resources and connections.Getty Images

It’s that time of the year again. College students are seeking summer employment. Yet, research and my experience as a parent reveal that access to paid internships is not equally available to every student.

Despite overwhelming evidence of the value of a paid internship and the desire of students to secure the coveted spots, significant and troubling gaps persist in students’ access across most industries, according to a recent study from Strada Education Foundation.

While 70% of first-year students expect to intern, less than half of seniors reported having an internship experience, the study found. First-generation, Black, Latino, and female students are all far less likely to engage in paid internships.

Internships don’t always benefit those who need them the most

Internships, by design, are meant to give students and recent graduates a lasting leg up as they begin their careers. However, the internship divide means the students who have access to these important opportunities are typically those who already have resources and connections. 

Paid internships are immensely valuable. Students who complete a paid internship during their undergraduate education earn $3,000 more than their non-internship peers one year after graduation. Two decades into their careers, graduates who participated in work-based learning, such as internships or apprenticeships, are far more likely to be satisfied with their careers, report higher annual income, and believe the investment they made in their education was worth it.

As it turns out, paid internships rarely go to students who would benefit from them the most. Many prestigious and lucrative internships, such as being a Congressional Intern, are not only competitive but require relocating to an expensive city for a short duration. Many students attending colleges where off-campus housing is the predominant option after their first year are already saddled with a 12-month lease near their institution.

Taking on an additional payment in an expensive city, even if they can find an affordable option, would wipe out all the savings they are expected to accumulate toward their tuition under our financial aid formulas. This housing and temporary relocation cost is an insurmountable barrier for students without a parent or caregiver who is able to subsidize the necessary career-building step of an internship. It’s time for employers to reimagine how they support these students in gaining meaningful work-based learning opportunities that lead to high-paying, rewarding careers. 

Making work work for students

There are a variety of barriers in addition to housing costs that prevent first-generation students and other learners from disadvantaged backgrounds from participating in high-quality internships.

For many students, it’s a matter of competing priorities. Research from Strada shows that while first-generation students are less likely to participate in internships, they are much more likely to work 20 hours per week. The challenge is to make these year-round employment opportunities for college students as valuable in building skills and gaining relevant experience as the traditional summer internship.

There are innovative models demonstrating how this can work. Many universities employ thousands of students every year. Many of these students have campus jobs directly related to their field of study. Critically, some universities also work to identify important and in-demand durable skills and then incorporate skills development into student employment experiences so learners are gaining far more than a paycheck. 

Of course, not all institutions have the resources to employ thousands of students themselves. They can, however, partner with companies, nonprofits, and other organizations to help provide high-quality and relevant work experiences. It’s important that employers collaborate with colleges and universities to ensure that the roles offered to students are similarly robust to paid internships. Every work experience should help students not only pay their rent and buy groceries but also build their resumes, generate networking opportunities, and develop durable, career-relevant skills. 

Work designed for students should also be flexible, providing them with the time and space they need to meet their academic obligations and participate in meaningful extracurricular activities.

Whether it’s an internship, short-term project, or full-time job, employers can benefit from the innovative energy that students will bring to their workplace, while at the same time contributing to the early career development of the future workforce.

Every student needs an opportunity through work to build the skills and experience required to find success after graduation. Employers–and their partners in higher education–can work together to ensure they build the innovative models that best serve students, higher education, and employers. 

Jane Swift is the president of Education at Work and a former governor of the Commonwealth of Massachusetts.

More must-read commentary published by Coins2Day:

  • Dow CEO: My company is a major plastic producer. We must end plastic pollution
  • We analyzed 46 years of consumer sentiment data–and found that  today’s ‘vibecession’ is just men starting to feel as bad about the economy as women historically have
  • 90% of homebuyers have historically opted to work with a real estate agent or broker. Here’s why that’s unlikely to change, according to the National Association of Realtors
  • Intel CEO: ‘Our goal is to have at least 50% of the world’s advanced semiconductors produced in the U.S. And Europe by the end of the decade’

The opinions expressed in Coins2Day.com commentary pieces are solely the views of their authors and do not necessarily reflect the opinions and beliefs of  Coins2Day .

Join us at the Coins2Day Workplace Innovation Summit May 19–20, 2026, in Atlanta. The next era of workplace innovation is here—and the old playbook is being rewritten. At this exclusive, high-energy event, the world’s most innovative leaders will convene to explore how AI, humanity, and strategy converge to redefine, again, the future of work. Register now.
About the Author
By Jane Swift
See full bioRight Arrow Button Icon

Latest in Commentary

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Coins2Day Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Coins2Day Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Coins2Day Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Coins2Day Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Coins2Day Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Coins2Day Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Coins2Day Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Coins2Day Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Coins2Day Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Coins2Day Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Coins2Day Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Coins2Day Editors
October 20, 2025
Rankings
  • 100 Best Companies
  • Coins2Day 500
  • Global 500
  • Coins2Day 500 Europe
  • Most Powerful Women
  • Future 50
  • World’s Most Admired Companies
  • See All Rankings
Sections
  • Finance
  • Leadership
  • Success
  • Tech
  • Asia
  • Europe
  • Environment
  • Coins2Day Crypto
  • Health
  • Retail
  • Lifestyle
  • Politics
  • Newsletters
  • Magazine
  • Features
  • Commentary
  • Mpw
  • CEO Initiative
  • Conferences
  • Personal Finance
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Coins2Day Brand Studio
  • Coins2Day Analytics
  • Coins2Day Conferences
  • Business Development
About Us
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Coins2Day
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Commentary

sternfels
CommentaryConsulting
AI makes human intelligence more important, not less 
By Bob Sternfels and Lucy PerezJanuary 22, 2026
17 hours ago
wendy
CommentarySmall Business
Built to last: governance for multigenerational family businesses 
By Wendy StewartJanuary 22, 2026
20 hours ago
acunto
CommentaryLeadership
I’m the Napster CEO and I agree with Pinterest: the Napster phase of AI needs to end
By John AcuntoJanuary 22, 2026
21 hours ago
target
CommentaryImmigration
Slipping on ICE: innocent retailers are the latest collateral damage from Trump’s perpetual noise machine
By Jeffrey Sonnenfeld and Steven TianJanuary 21, 2026
2 days ago
Yasmeen
CommentaryCloud
Google Cloud exec on software’s great reset and the end of certainty: we’re shifting from predictability to probability
By Yasmeen AhmadJanuary 21, 2026
2 days ago
louisa
CommentaryDavos
Davos 2026: reading the signals, not the headlines
By Louisa LoranJanuary 21, 2026
2 days ago

Most Popular

placeholder alt text
Economy
'Some form of crisis is almost inevitable': The $38 trillion national debt will soon be growing faster than the U.S. economy itself, watchdog warns
By Nick LichtenbergJanuary 22, 2026
17 hours ago
placeholder alt text
Success
Nvidia CEO Jensen Huang says ‘a lot’ of six-figure jobs in plumbing and construction are about to be unlocked because someone needs to build all these new AI centers
By Preston ForeJanuary 21, 2026
2 days ago
placeholder alt text
Politics
Jamie Dimon tells Davos: ‘You didn’t do a particularly good job making the world a better place’
By Eleanor PringleJanuary 21, 2026
2 days ago
placeholder alt text
Energy
Elon Musk warns the U.S. could soon be producing more chips than we can turn on. And China doesn’t have the same issue
By Sasha RogelbergJanuary 22, 2026
18 hours ago
placeholder alt text
Economy
Jamie Dimon says he’d have no issue paying higher taxes if it actually went to people who need it. Right now it just goes to the Washington ‘swamp’
By Eleanor PringleJanuary 21, 2026
2 days ago
placeholder alt text
AI
Elon Musk says that in 10 to 20 years, work will be optional and money will be irrelevant thanks to AI and robotics
By Sasha RogelbergJanuary 19, 2026
4 days ago

© 2026 Coins2Day Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Coins2Day Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.