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Corban University

Corban LRAP

The Corban LRAP could help you repay your student loans!

At Corban University, we understand that student loan debt is a big concern. A great education is one of the smartest investments you’ll ever make, but we understand it’s a big decision for an uncertain return.

Let the Corban LRAP (formerly The Corban Promise) put your mind at ease—we’re investing in YOU!

We’re so confident in the value of a Corban University education that we’ve taken a bold step to ensure worries about student loan debt won’t stand in the way of your vocational calling.

Corban is the only university on the West Coast to offer this type of loan repayment assistance program to all incoming traditional undergraduate freshmen and transfer students.*

*Some exclusions apply; see Frequently Asked Questions: Who is eligible?

“It’s every college student’s dream to land a meaningful job after graduation, one that utilizes their strengths and education. Repaying student loans adds significant pressure, and we want to provide our students and families with peace of mind. The Corban LRAP will help ensure that our graduates are able to pursue their call.” – Dr. Sheldon C. Nord, President, Corban University

How It Works

Graduate from a traditional undergraduate degree program at Corban and work at least 30 hours per week (part-time jobs count!). If you make less than $40,000 a year, the Corban LRAP can help you repay your student loans until you reach that salary threshold. You’re still responsible for making your monthly loan payments, but each quarter you can request reimbursement.

Your level of reimbursement is determined by income. If you make less than $20,000 per year, you can receive full reimbursement; otherwise, you can be reimbursed on a graduated scale. If you make more than $40,000, you’ll no longer qualify for reimbursement.

The Corban LRAP gives you the freedom to pursue your academic and vocational calling without the burden of excessive student loan debt.

So go ahead. Pursue your dreams. We’ve got your back!

Corban University works with the LRAP Association to provide the Corban Loan Repayment Assistance Program (formerly The Corban Promise) to eligible students. The University pays the necessary fees to enroll eligible students. The program itself is under the oversight of the LRAP Association. Corban must adhere to the rules, guidelines, and conditions established by the LRAP Association.

Frequently Asked Questions

Q: Why is Corban University offering a Loan Repayment Assistance Program?

A: University affordability and student loan debt is a significant concern of our students and families. The Corban LRAP (formerly The Corban Promise) is a direct response to those concerns.

Q: How does the Corban LRAP work?

A: If an eligible Corban University graduate works at least 30 hours per week and makes less than $40,000 a year, the Corban LRAP can help them repay their student loans until they reach that salary threshold. Graduates are still responsible for making their monthly loan payments, but they can then request a quarterly reimbursement. If the graduate makes less than $20,000 per year, they can receive full reimbursement. Reimbursement is offered on a graduated scale based on income up to $40,000. Graduates who make more than $40,000 repay their loans themselves.

Q: Who is eligible for the Loan Repayment Assistance Program?

A: All incoming traditional undergraduate freshmen are eligible for LRAP, with the exclusion of international students and children of Corban faculty and staff. Traditional undergraduate transfer students with at least two academic years to complete at Corban University are also eligible. Students must graduate from a traditional undergraduate degree program at Corban to use LRAP benefits. Students enrolled prior to Fall 2014 are not eligible for this program.

Q: How do I enroll in LRAP?

A: New students do not need to complete any additional paperwork. If eligible students have loans, they will automatically be enrolled in the program.

Q: How much does LRAP cost?

A: Corban University provides the program at no additional cost to students or their families.

Q: What types of loans are covered?

A: The Corban LRAP covers most types of student loans, including federal, private and parent PLUS loans.

Q: Are graduates required to work a single full-time job in their intended career field to be eligible?

A: No. Graduates must work a combined total of 30 hours per week to be eligible for reimbursement. This work can be completed with a full-time job or with multiple part-time jobs, in any career field.

Q: Are students eligible for LRAP if they continue on to graduate school or pursue international service?

A: Yes. Corban University graduates are allowed to pause their eligibility for LRAP while they pursue graduate school or up to three years of international work. However, only undergraduate loans taken while studying as a traditional undergraduate student at Corban University are eligible for repayment under the Corban LRAP.

Q: Does the program encourage students to incur more debt?

A: No. The program is intended to allow students to borrow the amount they deem necessary to attend Corban University while providing them with the freedom to pursue their desired vocation. The Corban LRAP does not remove responsibility for repaying loans from the graduate; it simply serves as a safety net for graduates as they launch their careers.

Q: Does the program encourage graduates to avoid getting a job just to avoid repaying their student loans?

A: No. Graduates have 18 months to find a job and must work at least 30 hours per week to be eligible for reimbursement. During that time, they are still responsible for making their student loan payments.

Q: Does the program encourage graduates to keep their income level low to avoid repaying their student loans?

A: No. The purpose of the program is to free students to pursue their calling without the burden of debt dictating their degree choice during college or their career path after graduation.