MICHIGAN COLLEGE WILL REPAY YOUR LOANS IF YOUR POST-GRADUATION JOB SUCKS – IOTW Report

MICHIGAN COLLEGE WILL REPAY YOUR LOANS IF YOUR POST-GRADUATION JOB SUCKS

College Fix-

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.

 

4 Comments on MICHIGAN COLLEGE WILL REPAY YOUR LOANS IF YOUR POST-GRADUATION JOB SUCKS

  1. 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!

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