Welcome to LRAP!
Home of the Loan Repayment Assistance Program

 

What is LRAP?


The Loan Repayment Assistance Program (LRAP) is a "safety-net" used  by colleges and universities to help ease the increasingly necessary burden of educational loans. LRAP empowers students to enroll, retain, and graduate from their first-choice educational institution. By offering graduates the promise, "if your income after graduation is low, we will help you repay your student loans," LRAP Association strives to protect the foundations of higher education - enhancing affordability and access. 

LRAP offers peace of mind to: 
  • Students, who recognize the value of attending their first-choice college, but fear the consequences of debt.
  • Parents, who are concerned about loans and their student's financial future success.



“LRAP benefits the student, it benefits the co-signer,
it benefits the parents, it benefits the college.
It's very powerful.”
- Scott Raymond, Executive Director of the Office of Student Success, Huntington University


"LRAP was definitely a deciding factor in our decision.  I hate that our son has to have student loans at all, but LRAP gives me a lot more peace of mind, knowing he has this program as a safety net."
- LRAP Parent

Maximizing the Impact of LRAP
and empowering students to live on purpose

In an effort to enhance access to higher education, Huntington University, Oak Hills University, Spring Arbor University, and Central Christian College are giving LRAP to all their incoming freshmen who will start in Fall 2013.  

Each institution wants to help the most students attend their first choice college, encourage and enable students to consider careers in ministry and public service, and provide assistance after graduation to those who need help repaying their loans. For more information about these programs, please see the information below:

 

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Media References

 

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Media References

 

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Media References

 


Articles of Interest

 

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New Graduates Have Unrealistic Expectations for Pay, Survey Finds

Chronicle of Higher Education - 5/3/2013

"The survey found that this year's graduates have salary expectations that are out of whack with the current job market. Only 15 percent of 2013 graduates said they expected to earn less than $25,000 a year, while 32 percent of the 2011 and 2012 graduates surveyed said their annual salary was $25,000 or less. Nearly two-thirds of the 2013 graduates also said they expected to be employed full time in their field of study, even though just over half of recent graduates are working full time in their field of study."

Click here to read the full story. 

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