I just got my official offer from IBM for the Summer and Fall Co-op and its $19.75 an hour, 40 hour weeks, and time in a half for anything over! They also tossed in $1250 for moving costs even if I don't need that much they just are hooking me up. I still have 2 years left to graduate college as well. I didn't realize it was going to be that sweet. What was your average co-op/internship pay?