Word: lrap
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Dates: during 2004-2004
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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...
...mail to students Thursday, Nye said that current students and alumni who already receive benefits “will be eligible for LRAP support as long as they meet the qualifying criteria that were in effect when they enrolled...
...said he could only guarantee three years of LRAP eligibility to students who enter the school after this semester. “For the future incoming classes, the decisions will be made by the next dean,” he wrote...
Nye’s decision Thursday ended an emotional roller-coaster ride for some KSG students, who had intended to pursue public service careers but worried that the LRAP eligibility limits would leave them too deep in debt...