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Michigan has 1.6M college dropouts. Debt forgiveness may lure them back.

April 30, 2019

Bridge Magazine

Chastity Pratt

[…]

Henry Ford College and Oakland University are set to announce Tuesday that they will join Wayne State in a cooperative agreement to offer college debt forgiveness incentives. Any student who takes advantage of up to $1,500 in debt forgiveness would be able to transfer between the colleges.

The initiative is part of an effort announced by Gov. Gretchen Whitmer and supported by the Detroit Regional Chamber of Commerce to improve the state’s post-secondary education attainment rate from 40 percent to 60 percent by 2030.

The Detroit Regional Chamber is assisting with the outreach and reconnecting former students with the debt forgiveness process.

“One of the most effective ways to increase our region’s education attainment level is to remove barriers,” said Sandy Baruah, president and CEO of the chamber.

“This multi-institution debt forgiveness program will be an important element of moving our region’s educational attainment rate to the 60 percent goal.”

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