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About the Association

LRAP Association is committed to promoting accessibility and success in higher education. We are passionate about the life changing power of higher education – and about empowering students to attend and succeed at the college or university of their choice.

We share a commitment to making the life-changing power of higher education available to all students, regardless of their socio-economic background.

We solve the problem of “I can’t afford it,” changing “no” to “yes,” while empowering students and their families to confidently attend their first-choice college or university, despite the necessity of borrowing student loans. By offering students the guarantee that “if your post-graduate income is modest, we will help you pay back your loans,” LRAP removes the barrier of student loans from the student’s choice of where to attend college.

Our History

The LRAP concept began at Yale Law School, where Stephen Yandle (Chairman of the LRAP Association Advisory Board) helped design one of the first loan forgiveness programs of its kind in 1989.

Yale's administrators realized the price-tag of attending private law school was causing many prospective students to worry about loan repayment, and its future impact on their career and lifestyle potential. To counter this negative impact on enrollment decisions, they created a program that would provide post-graduate financial security to law school students interested in using their degrees for public service.

After graduating from Yale and benefiting from their loan forgiveness program, Peter Samuelson (President of LRAP Association) realized the potential that this program had to help both students and institutions across the country. Peter established LRAP Association in 2008, bringing Yandle and other industry experts on to the LRAP Advisory Board, to help shape the future of an organization that would forever change the way that students, families, and institutional leaders would think about the affordability of higher education.

What is LRAP

LRAP helps colleges and universities increase enrollment, retention, and graduation rates. The combined effect has a powerful impact on both institutional efficiencies and the bottom line.

Our Loan Repayment Assistance Program (LRAP) reduces anxiety over debt-repayment, and empowers students to enroll and graduate from their first-choice educational institution. If students' post-graduate incomes are modest, LRAP helps repay their educational loans.