Income Eligibility & Calculation
Participation in the Haas LRAP is limited to those graduates with a modified gross income of up to, and including, $80,000, per the calculation below:
|Applicant's gross wages*|
|+ Other income (business, rental real estate, etc.)|
|+ Housing allowances from employer|
|- $6,000 for one dependent, as determined under federal income tax guidelines, and $4,000 for each additional dependent|
|= Applicant's modified gross income|
*A married participant's eligible income will be analyzed in two ways. First, it will be calculated based on half of the joint income of the couple and then based on the participant's own income. The greater of the two calculations will be used to determine eligibility.
Please note we now offer a prorated reimbursement!
Based on the modified gross income:
Up to $80k: 100% of eligible reimbursement
$80k to $85k: 50% of eligible reimbursement
$85 to $90k: 25% of eligible reimbursement
Over $90k: not eligible.