A private college where my 3 students is considering enrolling just offered him a program called LRAP? It looks like insurance for my student that will pay for their student loans if they are unemployed.
Here is the description?
The Loan Repayment Assistance Program (LRAP) increases access to the life-changing power of higher education.
It seems to good to be true, but it is a great vote of confidence by the school to provide such assurances? Has anyone heard of this?
This might help a bit:
http://www.usnews.com/education/blogs/student-loan-ranger/2013/02/27/evaluate-student-loan-repayment-assistance-programs-before-you-apply
It might also be a good idea to title your thread “Has anyone heard of LRAP (Loan Repayment Assistance Program)”?
If you are talking about LRAP in the context of law school, it is a set of programs offered by individual schools to assist students who take a certain set of public sector or public interest jobs upon graduation deal with repayment of the often crushing debt taken on for law school. There is no one uniform LRAP program; the criteria and terms are different at each school. The federal government IBR program is a different animal altogether.