LRAP helps students attend and graduate from their first-choice college or university.
"If your graduates' incomes are low after graduation, we will help repay their student loans"
What is LRAP?
LRAP helps colleges and universities increase enrollment, retention, and graduation rates. The combined effect has a powerful impact on both institutional efficiencies and the bottom line. Our Loan Repayment Assistance Program (LRAP) reduces anxiety over debt-repayment, and empowers students to enroll and graduate from their first-choice educational institution. LRAP is a financial safety net for students and their families. If students' post-graduate incomes are low, LRAP helps repay their educational loans.
How Can LRAP Benefit You?
The LRAP Impact:
LRAP in the News
These colleges will pay your student loan bills
CNN Money - January 22, 2014
"A small but growing group of colleges are guaranteeing students that they will help them pay their student loan bills until they secure a well-paying job...
…[Mark Kantrowitz, a financial aid expert and publisher at Edvisors.com,] said that the program reflects the kind of innovative approaches schools are adopting to address mounting student debt.
Schools say the program is working, with noticeable boosts in enrollment and positive feedback from both prospective and current students and their families.
Michigan-based Spring Arbor University...said enrollment among accepted applicants increased significantly last fall after it began offering the LRAP program."
Read the full article here.