For Students & Graduates

The program is designed to alleviate any concerns about repaying student and parent loans, so you can attend and graduate from your college of choice. If your income after graduation is modest, the Loan Repayment Assistance Program (“LRAP”) can help you pay back your federal, private alternative, and parent PLUS loans – at no cost to you or your family.

LRAP is a financial safety-net. Ultimately, we hope you land a great job that compensates you well after graduation. If you find something meaningful that pays less, however, we want to support you in pursuing your passions, confident that loans will not stand between you and your successful future.

For Parents & Families

Many families are concerned about the amount of loans needed to pay for college, and what that means for both their family’s budget, as well as their student’s future. The economic value of higher education is clear, but understandably, some families still want some reassurance that debt will not hold them back after graduation. That’s where the safety-net of LRAP comes in.

LRAP helps repay both student loans (e.g., federal un/subsidized and private), as well as parents loans (e.g., parent PLUS), and assistance is based on your graduate’s income, not yours.  Even better, if you help your graduate repay their loans, we can provide assistance directly back to you.

For Co-Signers

If you are co-signing on a student loan, and your student has been offered the opportunity to participate in LRAP, rest assured – If their income after graduation is modest, we can help repay their educational loans, by providing quarterly reimbursements on their loan payments.

We believe the first jobs after graduation are often what sets a career in motion. Getting LRAP assistance means less pressure for the selection of that job to be focused on loan repayment, and more freedom for it to be focused on career development

For Colleges

A growing number of colleges and universities around the country use LRAP to reinforce their commitment to student success and graduate outcomes. Whether students have chosen career paths that positively contribute to society, but only earn a modest salary, or have yet to secure a rewarding position in an industry of interest, colleges want their alumni to succeed, both personally and professionally after graduation.

If you are looking into colleges that can offer you peace of mind with LRAP, please feel free to speak with your admissions and/or financial aid counselors about whether LRAP is an option for you.

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:

  1. Graduate from the institution that awarded you LRAP.
  2. Start working, averaging 30+ hours per week.
  3. 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.