<p>The $70k per year doesn’t pass the smell test…I think what they meant is that perhaps (and this is a huge perhaps) that if the student worked 40 hrs per week/52 weeks per year, then that would be the annualized salary…but the student really only works about 15 weeks or so. That said, that number is still too high to be reasonable.</p>
<p>I know that my son’s internship (if annualized) would have been about $45k, but he only worked like 12 weeks per year…so of course, his earnings were much less. </p>
<p>I think you either misheard or misinterpreted what was said. Co-ops usually work for one semester per year, right? Do you really think they would pay that person $140k if he worked for 2 semesters per year? No…no way. If so, many of the profs would be quitting and taking those jobs…LOL</p>