Adrian College in Michigan is among a handful that are luring students by promising to repay their loans if they end up in low-paying jobs after graduation.
The Detroit News reports that Adrian is “guaranteeing every graduate would make more than $37,000, or get some or all student loans reimbursed”:
Adrian is among the first colleges to take out insurance policies on every incoming freshman and transfer student who has student loans and at least two years of school remaining. …
Adrian paid roughly $575,000 this year, or $1,165 per student, to take out policies on 495 students. For those who graduate and get a job that pays less than $20,000 a year, the college will make full monthly student loan payments until they make $37,000 a year. With a job that pays $20,000 to $37,000, the college makes payments on a sliding scale.
F U CN RD THS
U HV YR BCHLRS DGREE ALRDY!
So 37 grand a year is now a “High Paying Job?” WTF…My Associate of Applied Science in IT; just graduated, is worth more than that even at entry level. Maybe people should consider a better school to begin with. Adrian College in Michigan sounds pretty lame!
37G a year? Yeah, if you’re a packer at a UPS loading station. Sounds like mui fun.
Get a degree in Muslin Studies and you’re guaranteed to collect.
for life. Go for it Mumaud.