Some colleges have a loan repayment assistance program that helps students pay off their student loans until they get a well-paying job and can afford to make the payments themselves, reports CNN Money.
If the future economy is anything like today's, this program could be the break many future post-grad students will greatly appreciate.
Dozens of colleges already offer the program, which is funded through the LRAP foundation, to students from all fields of study. Here's how it works: LRAP charges schools an annual fee for each student enrolled in the program, and then provides financial assistance for graduates who fall below certain income thresholds based on salaries and other factors.
Some schools who have this program are Houghton College, Huntington University, Tufts University and Spring Arbor University.
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