BUSINESS
02/14/2014 03:24 pm ET | Updated Feb 14, 2014

Northwestern Student: My Unpaid Internship Sent My Bank Account Into The Negatives (VIDEO)

Hey interns out there, are you working tirelessly for no pay? Gideon Resnick, a student at Northwestern University's Medill School of Journalism, feels your pain.

The Medill School of Journalism requires its students to participate in a "Residency Program" -- an internship that provides students access to many prestigious media companies. The caveat: most are unpaid.

"The Residency Program that's in the Medill School of Journalism has come under fire quite a bit recently, because of the notion that it is something that you inherently have to do as a journalism student in order to graduate, and something that you don't get paid for that goes toward school credit," Resnick said in a segment on HuffPost Live.

Right now, the university says it's in compliance with the law regarding internships, according to ProPublica, and is continuing a program where employers pay Medill $1,250 for every student placed. But Medill has started asking media companies it works with about whether they would consider paying interns minimum wage.

Last summer, Resnick was in a position most journalism majors are familiar with. He accepted an internship that may not help pay the bills but hopefully would be valuable toward his career trajectory. Though, when the internship is unpaid and located in an expensive city like New York, it can be tough to survive financially.

"I did the best that I could to kind of survive throughout the summer, and by the end of it, I was in the negatives in my bank account," Resnick said. "Ultimately for me it was a really rewarding experience, but I think since then I would never do something that didn't offer pay again."

Watch a clip from the segment above or click here for more.

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