How they Help
LRAPs positively impact enrollment decisions in favor of your college. Loan repayment assistance programs (LRAPs) help colleges and universities enroll and retain students who may feel college is unaffordable, by resolving the fear of loans and student debt.
If a student’s income after graduation is modest, their LRAP helps repay their educational loans. LRAPs help repay all federal and private alternative student loans, as well as parent PLUS loans.
Higher education leaders appreciate LRAPs because it helps schools differentiate their value proposition, improve student yield and retention, and reinforces their commitment to students’ long term success.