Spring Arbor University Will Help Struggling Graduates Repay Loans

Spring Arbor University, a small liberal arts school in Michigan, has announced that it will offer loan repayment assistance to its incoming class if students can’t land steady employment after graduation, according to a release posted to its Facebook page.

President Charles Webb says in the release that the program offers “peace of mind” to those who might otherwise not attend college for fear of incurring too much debt in an uncertain economy.

Next fall, the school will automatically enroll freshmen in a loan repayment assistance program that offers the university’s support if students and their families have trouble making loan payments. After graduation, students must work 30 hours per week, and if their incomes don’t rise past established benchmarks, the program kicks in until students make more or pay off the loan.

The program was announced weeks after the millennial unemployment rate hit 13.1percent, compared to a national rate of 7.9 percent, according to the January jobs report from the U.S. Department of Labor. Unemployment has risen sharply among Americans aged 18 to 29, up from 11.5 percent in December 2012 and 10.9 percent in November.

Read more at The Huffington Post.

Comments

One Response to “Spring Arbor University Will Help Struggling Graduates Repay Loans”

  1. Roger Mitchell says:

    Get ready to dig deeper tax payers

Leave a Reply

Devo does not want Scalise to 'Whip It'
A founding member of the 1980s band Devo really does not want to see House Majority Whip Steve Scalise “Whip It Good.” Scalise has been using the bands hit song “Whip It” at events and his staff recently created a joint fundraising committee with Rep. Patrick McHenry (R-N.C.) to raise money for a 1980s-themed birthday party […]
Jon Stewart rips Democrats for race-bait

“Oh, for f---s sake.”

Jon Stewart skewers VA wait times

In case you forgot, the VA is still terrible.

Stewart hits Cruz on privacy
Sen. Ted Cruz’s Monday presidential announcement made Christmas come early for Jon Stewart and “The Daily Show.” Stewart was positively gleeful as he prepared to mock everything from the kiss between Cruz and his wife to the fact that Liberty University students were forced to attend the campaign speech. But the liberal host did make […]
Jay Leno: College kids are too PC

Whether it's how ethanol subsidies are terrible or how college kids need to get over themselves, Jay Leno has been on point lately.

White House

White House promises not to use legal loophole to keep NSA spying alive if Patriot Act expires
If the Patriot Act expires, it will stop the National Security Agency’s bulk spying too. The Obama administration promised this week that it will not take advantage of a legal loophole to keep the NSA spying alive unless Congress re-authorizes the Patriot Act, Reuters reported. Section 215 of the Patriot Act, which authorizes the NSA to collect data on […]
In honor of National Puppy Day, here are the top 10 cutest presidential puppies

Today is National Puppy Day! To celebrate, we give you the top ten cutest puppies to grace the White House Lawn.

Obama: ‘By hook or by crook’ I’ll push my agenda through
This is probably not the smartest phrasing to use. President Obama had an interview with Huffington Post over the weekend and while much of the interview was his oft-repeated lines about how Republicans are the reason nothing is getting done in Washington, he added a new phrase about his legacy that is bound to raise […]
Obama tells Prince Charles that Americans like the royal family better than their own politicians

President Obama has admitted what we all already knew: Americans far prefer the Duchess of Cambridge to Michelle.

Obama suggested that voting should be mandatory. Now he’s being called ‘totalitarian.’

President Obama is taking some heat for suggesting this week that mandatory voting might not be such a bad idea.

Congress

Sen. Harry Reid will not seek re-election
WASHINGTON (AP) — Senate Democratic Leader Harry Reid, the wily Nevadan who dominated the Senate for a decade from the minority to the majority and back again, announced Friday he will retire after five terms. Reid, 75, who shepherded key Obama administration initiatives including the president’s health care law, lost his role as majority leader — […]
Schock: Lincoln faced challenges too
Embattled Rep. Aaron Schock (R- Ill.) gave his farewell speech on the House floor Thursday, promising that it was “not the end of a story, but rather the beginning of a new chapter.” While his own trials are more of the “Downton Abbey” decor and Katy Perry concert variety, Schock likened this tough time to that […]
Boehner, Pelosi read mean tweets
Taking a cue from Jimmy Kimmel’s famous “Mean Tweets” series, House Speaker John Boehner (R-Ohio), House Minority Leader Nancy Pelosi (D-Calif.), Sen Bernie Sanders (I-Vt.) and House Majority Leader Kevin McCarthy (R-Calif.) got in on the fun and read some mean tweets about themselves in a video for the 2015 Radio & Television Correspondents Association […]
GOP blocks Warren's student loan plan
THE HILL — Senate Republicans on Wednesday blocked an effort by Sen. Elizabeth Warren (D-Mass.) to attach an amendment aimed at lowering student loan rates to the budget. Senators voted 46-53 against Warren’s amendment to the Republican budget resolution. Warren’s amendment would have allowed people with college loan debt to refinance at interest rates from […]
Rand really liked those 'Stand with Rand' trolls

During Ted Cruz's big announcement at Liberty University yesterday--which students were required to attend--some Rand Paul supporters decided to troll Cruz with some "Stand with Rand" shirts: