How One Company Lifts

Higher education has become synonymous with debt. The Federal Reserve reported more than $1.7 trillion in outstanding student loans as of Q4 2020 while nearly $120 billion in student loans were in default, according to Statista.

influential-magazine.com EDUCATION

HOW ONE COMPANY LIFTS W hether you’re fresh out of high school or returning as an adult student, nobody wants to graduate owing more than they can afford to repay - and run the risk of becoming yet another cautionary tale. College Debt THE BURDEN OF

Instead, you’re forced to make sacrifices to make college happen. You opt for a less expensive school that offers you the best possible financial aid package, even “LRAP awards provide students with until your income exceeds the threshold though it might not be your top choice. peace of mind by reassuring them that debt or the loans are paid off entirely. You may eventually abandon your won’t hold them back after graduation,” dream career in favor of a more lucrative said Josh David, Vice President of Student LRAPs Provide 3 Primary course of study. Maybe you even decide college isn’t worth it. Don’t give up just Service, Ardeo Education Solutions. “Our financial safety net is especially impactful Benefits to Students: • School choice: Students can attend yet. There’s a program that can give you for students who pursue service-oriented their preferred college or university because the freedom to invest in yourself. careers, such as working for a nonprofit, they are able to focus less on cost and more Help with Repaying which positively impact society but don’t typically provide a large paycheck.” on the value of their education. • Graduation rate: Students covered Student Loans by an LRAP may be more likely to

To help students and their parents How LRAPs Work graduate, because they know they’ll overcome both the fear and burden of student loan debt, Ardeo Education A growing number of colleges and universities nationwide are using LRAPs to have help repaying loans once they do. • Career path: Thanks to having an Solutions has collaborated with over 200 reinforce their commitment to improve LRAP, students feel empowered to follow colleges and universities nationwide to access to higher education, student success their dreams. With an LRAP to help when offer students the protection of its Loan and graduate outcomes. By committing they graduate, they can follow their Repayment Assistance Program (LRAP), at their own resources, these colleges and passions rather than a paycheck. no cost to the student. LRAP awards can universities are putting their own “skin in help you and your family repay your student the game” to ensure their students have Assistance for Parents loans after graduation. LRAPs have been successful outcomes. LRAPs cover federal For parents who take out parent PLUS providing a financial safety net to students student, private alternative and parent loans or for co-signers of student loans, for more than 30 years, with over 20,000 PLUS loans. Students must graduate with an LRAP will help repay those loans based students covered by Ardeo’s program. a bachelor’s degree from the school where solely on the graduate’s income, not yours. they received their LRAP Award.

The program makes college possible Want to learn more? Talk to your for students across the country and helps If your income is modest - typically less admissions office or financial aid the schools offering it improve access to than $45,000-$50,000 - an LRAP will help counselor to find out if an LRAP is an education on their campus. you and your family repay your loans option for you. (BPT) l