I think I've got a different perspective. I would prefer to make nothing while doing something than the opposite. I'd rather agate, write a gamer, cover a house fire and go to a 5k for diabetes and not get paid than answer phones for $6/hr.
College is an investment in your future. And what better investment than covering a whole bunch of stuff for a paper / radio station / TV station. Look, I never had any money in college. I worked - at one point - at eight different jobs at the same time to make ends meet. And I took two unpaid internships, too. I worked like a DOG in college. And it taught me more about time management, budgeting and real life.
Sorry kids, everything in life isn't easy. The real world isn't easy. You want to get ahead? You have to earn it. Besides, so long as it is for credit, a student loan can be applied to it. Again, college is an investment. It's not for everyone.
We did away with traditional interns (do work, get experience, etc) where I'm at because we weren't allow to have them do "work" anymore. Now interns simply shadow different people on a rotating basis. So not only are they unpaid, they aren't gaining any skills.
What is the point in that?
The idea: "Interns have a chance to learn from each person in the newsroom"
The outcome: "Interns learn nothing because very few people learn about how to DO a job by watching someone else do it"
Just my two cents.