Calculation of Assistance
The Haas Financial Aid Office will determine and award all LRAP grants. The Program will award each participant a grant on a semi-annual basis equal to the participant's required minimum repayments actually made on eligible loans during the preceding six month period. (Please note, usually payments are not required during the initial six months after graduation.) To take maximum advantage of the Program, participants are advised to make payments equal to those due under a standard repayment plan.
Alumni are eligible to participate at any point within 15 years of graduation.
Please note: Beginning June 2013 we will no longer cover twice the minimum payment on your loan. As this program is dsigned for those with less liquidity, and as we expand to a prorated reimbursement option, we will only cover the minimum required payment on your loan.
Expect up to 6 weeks for reimbursement from campus.