I highly suggest applying. It's a great way to get design work experience, something that future employers for internships or jobs will look for. I loved my time at the Muleskinner, and it was a great experience for me as a student designer. I also really hope that they keep graphic design students in that position, so DESIGNERS, PLEASE APPLY!!!
You're more than welcome to contact me if you have any questions. My email is hollywrightdesign@gmail.com or you can send me a message on facebook.