Word: lrap
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Dates: during 2000-2009
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...early 2004, the school announced it would scale back its Loan Repayment Assistance Program (LRAP), barring alumni from receiving aid for more than three years...
Then-Dean Joseph S. Nye raised enough money to avert the LRAP cuts, but the school’s website still says it “reserves its right to make alterations to the program at any time and at its discretion if necessary due to budgetary constraints...
...more grads in low-paying jobs meant more alums seeking LRAP aid, and the program’s budget mushroomed from $44,000 when Nye took office in 1996 to more than $200,000 last year...
...said last year that he had raised $50,000 to maintain LRAP at full strength for current students. But he added that LRAP would pose an even larger financial burden in future years...
...students have done a lot of work to secure more money for the LRAP program, so this is great news,” said Bryan Richardson, a second-year student at the Kennedy School...