UT-Austin Tests Idea of Linking Loan Forgiveness, Completion

The University of Texas at Austin has announced a pilot program to test the idea of linking loan forgiveness to progress made by undergraduates toward graduation. Under the program, the university will select 200 undergraduates who receive federal unsubsidized student loans. If they complete 15 credits in a semester, the university will repay $1,000 in principal, plus accrued interest.