Key Terms and Conditions
We often hear “this sounds too good to be true, what’s the catch?” To put your mind at ease, we have highlighted the key criteria for students to benefit from the program below:
- Graduate from the institution that awarded you LRAP.
- Start working, averaging 30+ hours per week.
- Begin making required loan payments.
LRAP assistance is provided in the form of quarterly reimbursements on student and parent loan payments made after graduation, and continues until a graduate’s income surpasses the income threshold specified in their LRAP Award, or until their loans are repaid entirely.
This is only a summary. Certain terms and conditions apply. Please see your LRAP Award for details.
We are happy to help!
If you have any questions, or would like more information, please feel free to contact us by filling out the form below, and we will be happy to help. You can also view our list of frequently asked questions.