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 NowHow Lyon College Increased Fall 2023 Enrollment by 19%
Lyon College saw a 19% enrollment increase this Fall – marking the largest year-over-year freshmen enrollment increase in 14 years for the college. Listen to our recorded discussion with Lyon College to explore how Ardeo’s yield tool helped them hit a record-breaking class for Fall 2023.
Watch Now
Used By Over 200 Colleges and Universities
Testimonials
What Administrators Are Saying
“…in the last four years that we’ve partnered with (Ardeo), we’ve cut our discount rate by 7% and we’ve increased net tuition revenue by close to 15%.”
Drew Whipple
Associate Vice President for Enrollment, MidAmerica Nazarene University
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
“Offering an LRAP is often the most compelling response to concerns over cost of attendance.”
Scott Samuels
Vice President of Admissions, Student Life & Marketing, Rochester Christian University
What Students Are Saying
“LRAP will allow me to be the future teacher my students deserve.”
Caitlin Q.
Education Major