Coming right out of college, this is a great opportunity. Since being an LDP Associate I've been able to travel and meet many people within the print industry. The interview process varies on which company you interview. My experience was a long process but not as intimidating as expected.
Interview questions [1]
Question 1
Print production questions (but only because I had no prior experience)
I applied through university. The process took 1 week. I interviewed at R.R. Donnelley (Madison Heights, MI) in Dec 2011
Interview
Very easy overall process. If they like you and you are a reasonable person they will offer you a job. If you have other options I would recommend pursuing those before considering accepting this position.