LRAPs
Ardeo’s Loan Repayment Assistance Programs (LRAPs) help colleges increase enrollment and net tuition revenue
How LRAPs Work
Ardeo’s LRAPs help institutions increase enrollment while giving students and families financial peace of mind. LRAPs make this powerful promise: If income after graduation is modest, a student’s LRAP award will help them repay their student loans.
You select the students you want to enroll with LRAPs. We reach out to your students and their families to educate them about the program.
Students accept their LRAP award and enroll at your university! You boost yield by giving your prospects the financial confidence they need to attend. You only pay for those who enroll and borrow.
We help your graduates repay their student loans. After graduation, we take it from there. You pay nothing more. Ardeo manages all assistance requests, and we answer any questions your students may have.
LRAPs Change Enrollment Decisions to ‘Yes’
In 2021, Ruffalo Noel Levitz surveyed 1,200 families of students at several institutions. The survey found:
16.1% Wouldn’t Enroll Without LRAP 16.1% of matriculated families said their student would not have enrolled at their chosen institution without LRAP.
65.3% Positively Influenced Enrollment 65.3% of matriculated families strongly agreed or agreed LRAPs positively influenced their student’s decision to enroll.
24.6% Students of Color 24.6% of matriculated families of color said their student would not have enrolled without LRAP.
Why Offer Students an LRAP?
Here are three quick reasons why colleges and universities should offer loan repayment assistance programs (LRAPs) to their students and families:
It’s good for students.
Prospects and families benefit from the student loan safety net at no cost to them. The program also encourages retention and completion.
It’s a low-risk, high-reward tool.
Enrollment professionals can offer the program to as many or as few students as they want. Then, Ardeo goes to work to engage and educate students about LRAPs.
Cash flow positive.
There are no up-front costs, and you only pay for the program when students enroll and borrow.
Put LRAPs to Work Quickly & Easily
Watch this quick, 2-minute video to learn how LRAPs positively impact enrollment decisions for prospective students and families.
Watch NowUsed By Over 200 Colleges and Universities
Testimonials
What Administrators Are Saying
“I was surprised at the immediacy of the impact of LRAP when we offered it to our students and families late in the cycle. The correlation between the week of implementation and the sudden upturn in our deposits was remarkable.”
Charlie Hungerford, MA
Dean of Admissions, Evangel University
What Administrators Are Saying
“We view LRAP as a catalyst to empower student choice and confidence at Belmont.”
Chris Gage, Ph.D.
Vice President for Enrollment Services, Belmont University
What Students Are Saying
“I become sold on [my institution] primarily because of the Loan Repayment Assistance Program. This program has enhanced my entire collegiate experience by alleviating unnecessary financial stress.”
Michelle K.
LRAP Award Recipient
What Administrators Are Saying
“We saw a 10-percentage-point increase in yield across education majors.”
Katie Condon
Vice President of Enrollment Management, Eastern Michigan University
What Administrators Are Saying
“The year we started using LRAPs, our yield jumped 7 percentage points, even with fewer applications. I can’t say enough about Ardeo’s calling campaigns and the support their team provides. They’re genuinely invested in our success and in doing what’s best for students.”
Katie Brenner Wolf
Executive Director of Enrollment, Marketing, and Student Success, Art Academy of Cincinnati
What Students Are Saying
“I remember receiving my first LRAP check in the mail. I cried. I laughed. I jumped up and down with joy! I was filled with extreme gratitude.”
Brianna G.
LRAP Award Recipient
What Administrators Are Saying
“Our graduates get good jobs and earn strong salaries, but even with those outcomes, many tell us they would not have attended without the security of LRAP.”
Kim Wittler
Associate Vice President of Enrollment and Financial Aid, Capitol Technology University
What Students Are Saying
“I was deciding between two colleges, CCU being one of them. I liked CCU better, but it was more expensive. LRAP tipped the scale.”
Lucy K.
LRAP Award Recipient
What Administrators Are Saying
“I would encourage (other enrollment leaders) to take a serious look at LRAP. (Our partnership with Ardeo) has added to both the student experience and our institution’s enrollment efforts. What has stood out most about LRAP is the peace of mind and added confidence it can provide students…The Ardeo team is incredibly easy to work with, supportive, and genuinely invested in SMWC’s success.”
Chris Lozier
Associate Vice President for Enrollment Management , Saint Mary-of-the-Woods College