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Providing internships for Information Technology students represents a significant issue to institutions of higher education located in rural areas where few if any organizations exist with sufficient resources to support such programs within a manageable transportation distance. This paper documents our experiences with an approach we refer to as "Eduployment" a program designed to address in part the rural internship problem. In this paper we describe the planning, development, structure, implementation, and experiences with a faculty/student managed, University aligned, grant supported, Information Technology consulting firm's first two years of operation, evaluating effec-tiveness from the educator and student perspectives. This program contributed to changes in our Information Technology internship program, provided employment for students, and positively influenced many projects and assignments in the Information Technology program's courseware. With the changes we have observed, that students are better prepared for employment, understand the importance of customer service, meeting deadlines, time management, and working in teams. Thus far, all student graduates involved in the program have secured employment; moreover, 90% of the students stated that the Eduployment program was of value and prepared them for employment.