Adrian College to Pay Off Student Loans for Graduates Earning Less Than $37K

Adrian College is pledging to help their graduates pay off their student loans if they are unable to earn an annual salary of $37,000. Students will be required to find a job that enables them to work at least 30 hours a week consistently in order to be eligible for the loan payoff, but can count on a helping hand if this isn’t possible.

Adrian College president, Jeffrey Docking, was a guest on “Fox and Friends” on Sunday morning where he went into detail about the college’s new plan to combat the rising rates of student loan debt and secure a better future for their students.

Docking said, “You never know when the economy is going to go south. In ’08 and ’09, so many of those kids made the right decision, and there wasn’t a job waiting for them. And we’re saying, ‘We’re going to take care of you, and we understand you don’t want you to leave with a mortgage, and if you do, you’re going to be OK if you can’t find a job.”

He also spoke of the new system in place that allows graduates earning $20,000 or less to qualify for a monthly student loan payment plan. This plan will essentially transfer the student’s loan payments over to the school, who will then make the payments on behalf of the student.

So far, Adrian College is seeing positive results come from the new system and has admitted more new students and has only had to pay off the loans of 30 students.

Leave a Reply

Your email address will not be published. Required fields are marked *