Quote: "Some studios prefer to send the coding aspect of a website project out to a developer, who will take a designers Photoshop file, cut it and code it."
That's my job right now
With only two sites under my belt, I charge $20/hour, a fairly decent entry-level rate. I only know HTML and Javascript. If I knew more, I could get better jobs which means I could charge more.
http://www.swem.ca/ took me 27 hours, mainly because the client kept changing stuff at the last minute.
http://www.beapart.org took me about the same, and was the first professional website I had done. It was also for free because it was my church
If your going into Graphic Design, I highly recommend getting a Minor of some sort in web development. It's really important to know that workflow at the very least. But if you really get into it, not only can you design the sites, you can program them too which means you don't have to share the paycheck. Web development is really easy. After taking two HTML classes, I'm doing some great work.
I have two more jobs lined up

I became friends with a graphic designer, and she keeps me in mind for web work. Try and form a symbiotic relationship with someone like this. Networking is the key to freelance success.
Not sure if all that was on topic, but hey, it's advice
"If I have seen a little further it is by standing on the shoulders of Giants" - Isaac Newton
Current Project:
http://strewnfield.wordpress.com/ (Last updated 05/06/09)