In his four years as a health sciences major at Boston University (BU), Michael Parello (Class of 2015) has managed to squeeze in three internships. All were unpaid, which meant that he also had to hold down paying gigs. “I’m not the kind of student whose parents put money in my bank account every week,” he says. When he compared notes with classmates who could afford to spend their summers working as full-time, unpaid interns, Parello realized that he was missing out on some intangibles....

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