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College to Pay Student Loans If Alumni Don’t Make More Than $37K

LRAP News December 28, 2014

One Michigan college is making an unusual promise: It will pay student loans for graduates who make $37,000 per year or less. Adrian College President Jeffrey Docking was on “Fox and Friends” this morning to explain. He said that the college took out an insurance policy on every incoming freshman and will pay all or part of student loans for graduates making less than $37,000.