my 2 cents.
cent 1) if you haven't noticed, 1 out of 10 people in this country who would like to work, can't find a job. you could do a quick survey of all the college students who graduated last year and are trying to find a job, only realize that your best shot at fulltime employment is through this internship. i wouldn't rock the boat too much, unless you want to join the ranks of college students waiting tables post graduation.
cent 2) welcome to the corporate world. look at this way, you'll most likely spend more years in this soul eating machine than your current age. nothing buying more bikes can't cure.
good luck!