Programs to help unemployed college graduates with debt

USA Today reports:

New public, private and college-based programs are targeting a grim and growing market: unemployed college graduates who can't afford to repay their student loans.

This week, BridgeSpan Financial, a start-up based in Washington, D.C., introduced SafeStart, a product designed to protect borrowers from the risk of defaulting on their loans. For an upfront payment of $40 to $60 per $1,000 of student debt, SafeStart will provide an interest-free line of credit that borrowers can use to repay federal student loans for up to five years after graduation.

Yet, the Obama administration wants more people to go to college.