Adrian College plans to offer a new loan repayment program that will pay all or part of students’ loans if they are unable to secure a well-paying job after graduation.
AdrianPlus will begin with next year’s freshman class, as well as first- or second-year transfer students, the school said. The private Michigan school promises payments if students earn less than $37,000 annually.
“It has become increasingly clear that money and student debt are major hurdles for parents and students to get over as they consider higher education,” school President Jeffrey Docking told the Detroit Free Press. “Especially when it comes to a small, private college like Adrian. They are scared away by the sticker price.”