Want to work on a cool open source project, hone your development skills with the help of a dedicated mentor, and get paid? Look no further - student applications are now open for Google Summer of Code™ 2010.

Since its inception in 2005, the Google Summer of Code program has brought together nearly 3,400 students and more than 3,000 mentors from nearly 100 countries worldwide - all for the love of code. Through the program, accepted student applicants are paired with a mentor or mentors from participating projects, thus gaining exposure to real-world software development scenarios. They also receive an opportunity for employment in areas related to their academic pursuits. And best of all, more source code is created and released for the benefit of users and developers everywhere.

Full details, including pointers on how to apply, are available on the Google Open Source Blog.