Newberry College (Newberry, South Carolina) is experiencing its fourth year of record new incoming student enrollment while providing an LRAP (Loan Repayment Assistance Program) to incoming freshmen and transfers. This year marks the largest total enrollment in Newberry’s 163-year history.
The Newberry Loan Repayment Promise provides a powerful safety-net to Newberry College students and families. If a student’s income after graduation is below $43,000, the program will help them repay their federal, private and parent PLUS loans.
Newberry College’s Four-Year Results:
- 35.9% increase in enrollment over baseline year since beginning to provide an LRAP to all new incoming students.
- 21% of students surveyed said they would not have attended without the LRAP.
- There is a projected $10.7 million of additional net-net revenue through graduation from only those additional students over the baseline year, after accounting for the program fees for all.
We work with each client to tailor their LRAP to best meet the needs of the institution. At Newberry, enrollment administrators created a custom brand name and identity for their program: The Newberry Loan Repayment Promise – and broadly marketed their LRAP to all new incoming students and transfers – incorporating program messaging into their admissions marketing materials and website.
“It’s absolutely worth it,” said Chris Harris, Dean of Enrollment Management at Newberry College, about the program.
We’re excited to share Newberry College’s continued success, and we look forward to helping more institutions increase their enrollment.