Newberry College Unveils Loan Repayment Promise
Newberry College (Newberry, SC) is partnering with LRAP Association to provide the Loan Repayment Assistance Program (LRAP) to all incoming freshmen. Newberry’s decision to offer LRAP broadly is yet another proactive step the college is taking to address concerns over college costs and student debt. Newberry is the first college in South Carolina to provide this innovative program.
“The Loan Repayment Promise demonstrates our belief in the value of
a Newberry College education and our commitment to helping students
pursue the career or vocation of their dreams,”
– Dr. Maurice Scherrens, President, Newberry College
Newberry has received national recognition for its proactive approach to addressing rising student debt – including being named a “Least Student Debt” college in the South by US News and World Report in its 2015 rankings.
Three years ago the school instituted the Newberry College Tuition Promise, which pledges to freeze cohort’s tuition for four years of undergraduate study. This year, Newberry will begin offering new students their LRAP program, labeled the Newberry College Loan Repayment Promise, which pledges to help repay graduates’ student loans if they graduate with a modest income.
New students enrolling at Newberry beginning in Fall 2016, both freshmen and transfers, will be provided with the Newberry College Loan Repayment Promise at no cost.