<p>Tiny Wilson College is struggling to stay solvent. In January, the PA women’s school announced that male undergraduates would be admitted for the first time. And now, the school is trying a more atypical gambit to boost enrollment.</p>
<p>Wilson is launching an innovative Stafford Loan “buy-back” program. According to the Chronicle of Higher Education:</p>
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<p>See [Wilson</a> College Details Unusual Loan-Buyback Program - The Ticker - The Chronicle of Higher Education](<a href=“http://chronicle.com/blogs/ticker/wilson-college-details-unusual-loan-buyback-program/60903?cid=at&utm_source=at&utm_medium=en]Wilson”>http://chronicle.com/blogs/ticker/wilson-college-details-unusual-loan-buyback-program/60903?cid=at&utm_source=at&utm_medium=en) </p>
<p>The amount of the buy-back is also tied to GPA. Students who maintain a 3.9 or above will qualify for the full $10K. A 3.5 or higher is required for any $$$.</p>
<p>Although it sounds risky for a financially troubled college to be shelling out money to cover loans, Wilson officials are hoping that the innovative program will pay for itself–and then some–by attracting more students.</p>
<p>Whether or not it works, I like the idea that Wilson is giving students a chance to cut their own debt by making an effort to excel academically and to contribute on campus.</p>