A college education can be an investment in your future. But if you can't land a decent-paying job, that investment can leave you saddled with debt.
So a small Christian university in Michigan, Spring Arbor University, is offering a sort of money-back guarantee. "Money-back" as in you won't have to give all the money back if you don't get a good gig.
The school's program guarantees that students and their parents will receive help in repaying loans if a graduate's income fails to meet certain benchmarks. The assistance will continue until the grad's income rises enough or the loan is paid off.
To qualify, a graduate of the school must work at least 30 hours a week.
Spring Arbor's president, Charles Webb, told the Associated Press that the school wants to provide "students and their families with peace of mind" in an uncertain job market.