How LRAP Helps Colleges (and Students)
The Loan Repayment Assistance Program (LRAP) isn’t just a way to help graduates (and their parents) repay educational loans after graduation. It’s a tool that many colleges leverage to maximize net tuition revenue, grow enrollment, and improve student persistence. LRAP makes a profound promise to students: if your income is modest (e.g., less than $40,000) after graduation, LRAP will help repay your student loans (including PLUS loans borrowed by your parents).
As a safety net for student debt, LRAP provides many students the peace of mind to enroll at their college of choice, even if it means using loans to do so. It enables colleges to proactively address student debt concerns, while also empowering students to pursue their dream careers after graduation.
Colleges across the country (over 130, and counting) are realizing the benefits that come from partnering with LRAP Association. But don’t just take our word for it. In the video below, Chief Enrollment Officers from three LRAP partner colleges describe their experiences: