Small Michigan college to make student loan payments for low-earning grads

Thursday, September 19, 2013

Adrian College students soon won’t need to worry about making student loan payments if they don’t land a well-paying job right after graduation.

Starting with next year’s freshman class — as well as first-year or second-year transfer students — the private Michigan college promises to make up to all of a student’s loan payment if he or she earns less than $20,000 and up to $37,000 annually.

The innovative program is the latest in a string of efforts being launched by colleges across the state and nation to address rising levels of student debt, resulting from steady increases in tuition.

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