Leslie Hoover graduated from Wilson College in May with a double major in accountingand economics. She’s one of the fortunate ones to graduate debt-free.
Some of her friends weren’t as lucky and are scrambling to find jobs. Six months after you stop taking classes, your federal student loan bills come due, Hoover said. College seniors with student loans graduate with an average of more than $25,000 in debt, according to the U.S. Department of Education.
Wilson College is helping ease the burden of student loans by offering one of the first debt buyback programs in higher education. The program rewards academic success.