Yes, that is exactly what I found.
If you do the math on how much a summer scholarship would pay a student and how much we would have them work—and be assured that we work them hard, because we want them to get the best out of their experience—in terms of the pay they would get relative to the effort, it would be at or below the minimum wage. I think it would be in the order of $11-something per hour, which is less than the proposed $15 minimum wage.