Since a lot of us parents with kids at BFA programs are thinking about summer opportunities and internships, I thought this article might be of interest. There’s supposed to be a follow-up about what kids owe the theaters that hire them as interns, which would probably be interesting, too.
http://www.clydefitchreport.com/2015/03/a-manifesto-for-theaters-and-interns-part-1/
Awesome post jkellynh17! My daughter is beginning internship interviewing as we speak so your post is so appreciated. 
We are also wading through the process, good luck to you!
My d. will be working this summer at a small theatre in the UK – they are paying her a decent wage and a travel allowance to cover her bus/train pass from where she’ll be staying w/my parents. I think things must be done differently in the UK and there is some sort of minimum wage for students. Wish it was the same here.