Dive Brief:

• Adrian College in Michigan says it will make part or all of a graduate's loan payment if he or she earns under  $37,000 a year.
• If a job pays less than $20,000 a year, the college will make the whole student loan payment; with income up to $37,000, payments are on a sliding scale.
• The college is capping total loan payments at $70,000 per student.

Dive Insight:

The small private school does not expect many graduates to need the program. Tuition is just under $40,000; most students pay $20,000 after financial aid is factored in. At more than $1.1 trillion, U.S. student loan debt is calculated to be greater than the amount of credit card debt.