The inspiration for the creation of LRAP was a program at Yale Law School, a first of its kind loan program begun in the late 1980s. Yale’s administrators, including LRAP Advisory Board Chairman Stephen Yandle – one of the Yale program designers – realized the price-tag of attendance was causing many prospective students to worry about loan repayment, and its future impact on their career options and lifestyle potential. They created a program that would provide post-graduate financial security to students interested in using their degrees in public service and other lower paying positions.
After graduating from Yale and benefiting from their loan forgiveness program, Peter Samuelson (President of LRAP Association) realized the potential that this program had to help students and families across the country. Peter established LRAP Association in 2008, bringing Yandle and other industry experts on to the LRAP Advisory Board, to help shape the future of an organization that would forever change the way that students, families, and institutional leaders would think about the affordability of higher education.
LRAP Association collaborates with colleges and universities across the United States to help students with the burden of student loans. We provide a unique and effective solution for reducing the anxiety and burden of debt-repayment, empowering students to enroll and graduate from their first-choice educational institution. LRAP is a tool that provides a “safety-net” for students and their families. If a student’s post-graduate income is low, LRAP helps students repay their educational loans.
Our Mission and Values
LRAP Association is committed to promoting accessibility and success in higher education. We are passionate about empowering students to attend and succeed at the college or university of their choice.
We share a commitment to making the life-changing power of higher education available to all students, regardless of their socio-economic background.
LRAP solves the problem of “I can’t afford it,” empowering students and their families to confidently attend their preferred college or university, while following their dreams, both on campus and after graduation. LRAP provides peace of mind for students and families concerned with the impact of student loan debt, and removes the barrier of student loans from the student’s choice of where to attend college.
We look forward to demonstrating our commitment to your future financial stability and forward-looking success, while making your degree more affordable. By putting students on the path to success and prosperity, LRAP’s impact can be felt by both the individuals and families benefiting directly from our service, but also by the societies and world that we have committed ourselves to improving.
LRAP Association partners with colleges and universities across the United States to help students overcome the burden of student loans. We provide a unique and effective solution for reducing the anxiety and burden of debt-repayment, empowering students to enroll and graduate from their preferred educational institution, while following their dreams after graduation. LRAP is a tool that provides a safety-net for students and families. If a student graduates to a modest income, LRAP helps repay their educational loans.
Mailing Address: P.O. Box 1476, Bloomington, IN 47402