Just would like to add, It is also about getting only the people who are interested in working and not running after money.
Like during my internship, as I said, this was a very very reputed firm but they clearly mentioned that they would not pay a single rupee as stipend. In a class of 11, we were still 9 people left to be placed for our internship. And when it was shared that no stipend would be provided, no one bothered to apply. I was the only one who applied from my institute.
The location was a far off place. I was a little low before joining about the expenses I will have to bear.
But once I joined, in comparison to the immense learning I got, the people I worked with, the work-life balance I got and the enthusiasm I was filled with was nothing compared to getting few bucks. And we were four interns there all from different institutes and we all had a great time. And none of us felt that we had a loss here. Infact we gained much more than the people who had gone to companies who paid stipend.
Just a share.