Word: lrap
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Dates: during 2000-2009
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...previously said the school’s budget crunch would force him to cap spending on the Loan Repayment Assistance Program (LRAP), which offers debt relief to KSG graduates earning under $50,000 a year in public sector jobs...
Since the KSG established LRAP in 1987, the school has not placed limits on the length of time during which graduates can collect benefits. Nye’s move to set a three-year limit on eligibility sparked an outcry from student leaders, who responded by staging an all-night protest outside the school...
...idea that has been proposed is to reduce the income cap and lengthen the duration [of benefits],” Nye said. Such a plan would allow LRAP to target its aid to alumni with the lowest incomes...
...said he was also considering a proposal to give alumni greater flexibility—allowing graduates to accept lower levels of aid but receive LRAP benefits for a longer period...
...LRAP beneficiaries include government employees as well as alumni who work for nonprofit organizations...