Based on results reported from participating colleges and universities, we have developed a simple Return on Investment Worksheet. Your team can use it to estimate what a Pilot program can yield for your school in the first year. As your program expands to a greater number of students, your net revenue will also substantially increase. Use the following worksheet to see for yourself the unlimited potential benefit that LRAP can offer your institution. Or Download it Here.
Changing the Conversation from Cost to Value
Many prospective students (and their parents) have a profound fear of debt. Often, the parents fear the debt more than the prospective student. They know that higher education is a good investment. They know the average college graduate earns a million dollars more during their lifetime than the average high school graduate. But they fear they will not be average. They fear they might have a low income, and that large student loans will be a severe burden. That fear leads many of them to attend a less expensive college rather than their first choice college.
This anxiety leads parents and students to bet on failure instead of success, changing the idea of college, from a valuable investment in their future, to an unacceptable immediate cost. Instead of following their dreams to their first choice college or university, they often follow their fears and choose a “less expensive” or alternative option.
Students who have a high level of concern about tuition costs and student loans are a significant segment of admitted students who do not matriculate. Every year, the typical private college will admit many students who ultimately choose to attend lower-priced options, both state and community colleges. Feedback from participating colleges and universities has revealed that a significant segment of those students would value the LRAP enough to change their enrollment decision because of it.
By helping relieve the anxiety of loan repayments, LRAP's loan repayment assistance program helps students attend and graduate from their first-choice college or university - a choice that can start benefiting your college today.