Will your financial aid award leave students and families asking for more?
As students and families consider their financial aid awards, many will hesitate to enroll because they are afraid to borrow. Ardeo’s loan repayment assistance programs (LRAPs) are a proven tool to address concerns about cost and fear of educational loans.
You can use LRAPs proactively to keep prospective students engaged, overcome concerns about student loans, and respond to students and families asking for more.
We know that of non-matriculant students and families who considered their financial aid offer to be insufficient, 83% said they would have needed at least $6,000 in additional aid* to change their decision. LRAPs impact enrollment decisions for a fraction of what you’ll need to spend in institutional aid to move a student to enroll.
LRAPs can tip the scales in your favor. Do what others can’t or won’t. Offer an LRAP to students and families asking for more – and set your institution apart from your competition.
We have worked with more than 150 institutions to positively impact their enrollment and make a significant difference in the lives of their students. LRAPs provide a powerful promise: if income after graduation is modest, the program will help repay federal student, parent PLUS and private alternative loans.
Finish your spring recruitment season strong by piloting LRAPs and moving your prospective students to enroll at your institution. LRAPs are a win for you and a win for your prospects.
For more information on how to bring LRAPs to your campus, complete our quick Get Started form.
*According to 2019 Credo Admitted Student Research