<p>Depends on the particular internship, if it’s a paid position. </p>
<p>If it’s an unpaid internship, being a college graduate – rather than “currently enrolled” – will usually exclude you from consideration, because the company will not want to risk getting into trouble with the Dept. of Labor regarding minimum wage laws. With a current student, they can arrange for formal course credit to be given as a form of compensation.</p>