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LRAP helps students attend and graduate from their first-choice college or university. 
"If your graduates' income is low, we will help repay their student loans"

 
 
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What is LRAP?
LRAP helps colleges and universities increase enrollment, retention, and revenue. Our Loan Repayment Assistance Program (LRAP) reduces anxiety over debt-repayment, empowering students to enroll and graduate from their first-choice educational institution. LRAP is a financial “safety net” for students and their families. If a student’s post-graduate income is low, LRAP helps students repay their educational loans.




How Can LRAP Benefit You?
  • Client results indicate that 68% of eligible “on-the-fence” freshmen matriculated when offered LRAP.
  • Client results indicate an average 10.1% increase in retention from Freshman to Sophomore year due to LRAP.

 

 

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Maximizing the Impact of LRAP
and empowering students to live on purpose

How can you get the most out of LRAP, while providing the maximum benefit to your students?  Four universities have concluded the best way to use LRAP is to give it to all their incoming freshmen. This gives them the best opportunity to:
 
  • Maximize enrollment, retention and graduation rates
  • Help students attend their first choice college
  • Enable careers in public service 
  • Provide loan repayment assistance after graduation 

By awarding LRAP to all freshmen, instead of a select few, they have also maximized their ability to publicize the program, enhanced media and stakeholder perspectives, and used the program to increase inquiries and applications.

What could your institution do with that added interest? 

 

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Media References

  • USA Today
  • Inside Higher Ed


 

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Media References

  • Huffington Post
  • LA Times
  • Fox News

 

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Media References

  • The Bemidji Pioneer
  •  “Chat About” Interview


 

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Media References

  • Mid-Kansas Online
  • McPherson Sentinel


LRAP in the News

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Spring Arbor University Will Help Struggling Graduates Repay Loans  

Huffington Post - 2/8/2013

"Spring Arbor University, a small liberal arts school in Michigan, has announced that it will offer loan repayment assistance to its incoming class. 

Next fall, the school will automatically enroll freshmen in a loan repayment assistance program that offers the university's support if students and their families have trouble making loan payments. 

The Spring Arbor plan could mitigate the concerns of prospective students and buoy consumer confidence in the value of its degree programs."

Read the full article here.



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