Please see either our LRAP Handbook for the classes of 1997 – 2012 or our LRAP Handbook for the classes of 2013 and beyond for all LRAP terms, eligibility requirements, calculations,* and instructions for application and forgiveness of LRAP loans depending on your class year. *As of October 1, 2022, the new LRAP income cap is $120,000 (up from $100,000). The new out-of-pocket contribution formula is 25% of a participant’s income over $80,000 (down from 35%).
Use our LRAP Calculator to determine if you are eligible for LRAP support before applying. For specific information about Public Service Loan Forgiveness (PSLF), please visit our PSLF page. Lastly, learn more about how LRAP works in tandem with income-drive repayment and PSLF by viewing our latest LRAP presentation.
Last updated March 6, 2023