As you may have discovered, Marymount School of Business undergrad programs require an internship. Time Magazine provides a very realistic look. Nearly half of all internships are not paid positions, according to National Association of Colleges and Employers.
Interrnships are described as the principle point of entry for young people into the white collar world.
We do believe that internships can have value whether they are paid or not, and as the Time article concludes "The young people who get that work experience will, of course, be more likely than those who don't to move up the ladder."
Source: Intern Nation by Andrea Roches. Time, September 12, 2011. http://www.time.com/time/magazine/article/0,9171,2091366-1,00.html