How Assistance is Calculated
In general, assistance is calculated based on a graduate’s income and hours-worked. If a graduate is working full-time and their income is below the lower income threshold specified in their LRAP Award, they can receive reimbursement for the entire amount of their loan payments each quarter.
As their income increases towards the upper income threshold, the benefit is reduced proportionately. For example, if a graduate’s income is half-way between the upper and lower income thresholds, and they are working full-time, then they can receive reimbursement for half of their loan payments each quarter.