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How Colleges Use LRAPs

Grow Overall Enrollment

Client institutions that offer LRAPs to all incoming freshmen and eligible transfers see the biggest benefit in the tool. By differentiating their offer with LRAPs, colleges stand out from their competitors and increase engagement earlier in the recruitment cycle. 

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Boost Targeted Populations

Many institutions market their LRAPs to pre-qualified groups of students to boost yield among targeted populations, for example specific majors, non-athletes, out-of-state students, traditionally underserved student populations, transfers,  and prospects with specific unmet need.

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Optimize Late-Cycle Yield

With LRAPs, it’s never too late to enroll more students before your cohort census date. Moving unresponsive prospects to deposit and enroll is one of the most popular LRAP strategies our clients implement to boost yield. Learn how to engage unresponsive prospects and mitigate summer melt.

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Shape Your Class

Whether you have goals to support first-generation students or financially at-risk populations, offering an LRAP can help. You can shape your class with LRAPs by addressing key affordability and cost concerns.

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Increase Access

By helping to ensure their graduates’ outcomes, our client institutions are increasing access for students who may feel financially shut out. See how these colleges increase access by removing the fear of student loans.

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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.

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How Ardeo’s LRAPS Boost College Access & Increase Enrollment

Length: one minute fifty -six seconds

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.

Only pay when it works.

LRAPs are cash-flow positive. There are no up-front costs, and you only pay for the program when students enroll and borrow.

A Pervasive Problem, Our Practical Solution

Concerns about cost and student loan debt are still significant barriers to enrollment for many students and families. So often, the prospect who says, “I can’t afford it,” really means that they are reluctant to borrow the necessary student (and parent) loans to attend an institution.

LRAPs directly address those concerns and positively impact enrollment decisions. With more than 200 clients and 30,000 students covered, LRAPs are a proven solution.

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What Enrollment Leaders Say About LRAPs

“Many students attend Rochester Christian University to pursue teaching, social work, Christian ministry, and other fields that don’t necessarily pay well initially as other occupations do. LRAPs allow students to pursue their calling without concern over how they will begin to repay their student loans.”

Scott Samuels

Vice President of Admissions, Marketing & Student Life, Rochester Christian University

What Enrollment Leaders Say About LRAPs

“Out of all the vendors I’ve worked with over the years, the level of support and investment that Ardeo has provided without adding it to an invoice somewhere has been a dream.”

Drew Whipple

Associate Vice President for Enrollment, MidAmerica Nazarene University

What Enrollment Leaders Say About LRAPs

“We brought this product on about 30 days before COVID hit. [LRAP] was one of those things that we were really happy to have. This was a difference for a lot of students that we spoke to. Gave them a lot of peace of mind during a time in the world when there was very little peace of mind.”

Aaron Roberts

Director of Undergraduate Admissions & Operations, Concordia University, Nebraska

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