Corban Offers Student Loan Repayment Assistance Program for WMS Class of 2013

The senior class at Western Mennonite HS has been selected to participate in Corban University’s new Loan Repayment Assistance Program (LRAP)! This is their first year offering this program to an entire graduating class of 2013 for specific selected schools, and WMS students have been chosen! Maybe you have written off Christian higher education due to the issue of cost or concern about the economy after graduation – if so, please consider attending the following presentation for Parents and Students:

Coffee and Hors 'Doeuvres

Wednesday, April 24th from 4:15-5:00 p.m.

Western Mennonite School Student Center

To give you a brief overview, the LRAP is a safety net for any accumulated student loans and is zero cost to the students or parents.

After graduation from Corban, this program would begin reimbursing their loans if the students are earning anything less than $37,000 per year while working 30+ hrs. per week. We believe that if a graduate is making $37,000+ per year, they would be able to make those payments on their own, and the LRAP is not necessary.

The percentage paid by LRAP is proportionate to the student’s annual income (after graduation). If the student earns less than $20,000, this program would repay 100% of the monthly payments on those loans until they begin earning more. If they earn half-way between $37,000 and $20,000 (about $29,000), this program would reimburse 50% of the monthly payments on those loans, and so on.

Corban University is providing LRAP to WMS students for a number of reasons:

1.       We are confident that the education at Corban will prepare students for those well-paid jobs.
2.       It allows students to know they will not be caught in a bind with loans after school.
3.       LRAP permits graduates to accept a job offer that may not be the highest pay grade, but will allow them to work up in their field (instead of accepting a potentially higher-paid job that has nothing to do with their major or what they want to be pursuing)

We are thrilled to share this truly incredible opportunity with your students at Western Mennonite.  For more information , attend the information session or contact: 

 

Callie Doremus

Admissions Counselor
Corban University
800.845.3005 ext. 2159