If you offer the student credit and make sure you abide by the schools rules so ...

Igor_Bratnikov on Nov 14, 2011 | parent | context | favorite | on: Ask HN: What are the best ways to find and recruit...

If you offer the student credit and make sure you abide by the schools rules so that the student can receive credit than legally you can employ the intern without monetary compensation. This should get you on your way!