I was a CP (College Program student) from January-May '06. I worked at Splash Mountain. Being a college intern you aren't paid too much, $6.40/hr, but anything after 8 hours a day or 40 hours a week is time and a half and if you have less than 8 hours between a shift it's double time which always was awesome. Tiring, but you got paid $12.80/hour which no one complained about.
Disney doesn't pay too much. In fact, there was a bilboard on 4 from Universal that bluntly stated "We pay more than the other" or something like that. Ouch. Also, one of my coordinators from Frontierland actually left because she couldn't move up in rank and Universal offered her a management position right away.
Now, while I'd much rather work for Disney, money is money. And unfortunately, Disney isn't a high paying job. Fun, magical, and to be frank miserable all at the same time, is better than Universal could ever be. Trust me, no matter how bad the day was, no matter how many times I got asked where the FP machines where when they are right behind me, seeing that Castle and watching Wishes at the end of almost every shift made it all better.
So much better that I'm even going down this summer as a CP Alumni. YES!