ADRIAN, Mich. (AP) -- Adrian College is planning a new loan repayment program that offers to pay all or part of students' loans if they are unable to secure a well-paying job after graduation.
The school says the AdrianPlus program will begin with next year's freshman class, as well as first- or second-year transfer students. The Detroit Free Press reports Wednesday the private college promises payments if students earn less than $20,000 and up to $37,000 annually.
The program is the latest in a string of efforts being launched by colleges and universities nationwide to address rising levels of student debt.
Adrian College plans to cap total loan payments at $70,000 per student. It costs about $39,500 a year to go to the school about 60 miles southwest of Detroit.