Even if a student is working through a school program for which he or she is being given college credits, the student still has the right, under the FLSA, to be paid unless the employer is not deriving any immediate advantage by using him/her (see six points above). Paid interns make ideal workers because they are hungry to learn, eager to make a good impression and willing to perform a multitude of tasks. The relatively small amount of money employers spend on intern wages and benefits is a good investment because it often produces future, long-term employees.
The employer should identify the specific terms and conditions of employment (e.g., dates of employment as an intern, including date the internship will end; compensation; organizational and/or reporting relationships; principal duties, tasks or responsibilities; working conditions; confidentiality; any other expectations of the employer), and should discuss these with the prospective intern so that there is no misunderstanding regarding the relationship.
Also, it may make good sense to document such a discussion with a written agreement. Please note that compensation for internships is not regulated by York College in any way.