Michigan college may keep students on scholarship after they graduate
2/10/2013Maybe Spring Arbor University is simply betting that one of its degrees will earn you a bundle in the job market. At any rate, there's a safety net for students enrolling with the Class of 2017. The school will help graduates repay their loans if their incomes don't reach $37,000. Tuition at the small evangelical college is $22,000 a year, and its president, Charles Webb, hopes the plan "takes the fear out" of a student's plunge into the deep end of college debt, or even just allows an alum to chase a dream instead of a paycheck. Almost as good is the slogan on the school website: You Are Not a Loan. [Source]
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