My student debt is over $50,000, but my annual amount due is $3,000, less than the $5,000 annual assistance provided by the LRAP. Am I eligible?
LRAP loans will be forgiven on an annual basis if the Participant has been in qualifying employment the prior year and has paid at least the amount of LRAP loans received ($5,000) on student loans. See LRAP Policies and Guidelines Section 3(B). As long as your lender does not restrict annual payments above $3,000, then you would be eligible to participate in the LRAP.
Related Questions
- What is the standard amount of annual income or the asset level for a student and his/her family that will make them eligible (or ineligible) for financial aid?
- My student debt is over $50,000, but my annual amount due is $3,000, less than the $5,000 annual assistance provided by the LRAP. Am I eligible?
- My student debt is over $60,000, but my annual amount due is $3,000, less than the $5,000 annual assistance provided by the LRAP. Am I eligible?
