This university forgives loan debt so students can come back to school

More than a million college students drop out every year. One estimate finds almost a quarter of first-time undergraduate freshmen drop out within 12 months.

This means many Americans are accruing the debt that comes with attending college but aren’t receiving the benefit of a full education and a degree.

That’s a problem that Wayne State University in Michigan is working to tackle with its Warrior Way Back initiative. Founded in 2018, the program provides both some amount of debt forgiveness and counseling to students who attended the school but...