Application Procedure
DEADLINE: 1st Friday of December, each calendar year.
MAXIMUM GROSS INCOME: $55,000
The following procedures must be completed in order to apply for the LRAP Program.
A. Initial Application Procedure
B. Renewal Application Procedure
A. Initial Application Procedure
Applications are available in October of each year. The deadline for receiving applications is the 1st Friday in December each year for both initial and renewal applicants. Both initial and renewal applicants must complete the Pacific McGeorge LRAP Application, which can be completed online.
The application requires the following:
1. Proof of employment with a qualifying organization.
2. Income information including salary (to be verified by the employer) and income from any additional sources received between January 1 and December 31 of the application year.
3. A list of educational debts, including the name of each servicer; the month and year each loan went into repayment; the total amount borrowed from each loan program; and the dollar amount of the monthly repayment obligation.
4. Documentation from the servicer of each educational debt listed for the applicant and/or spouse.This may be a copy of the repayment agreement, copy of a billing statement or a letter from the servicer.
5. A signed copy of the graduate's, and if applicable, the graduate's spouse's IRS Form 1040 (with all schedules) for the most recent calendar year.
6. A cover letter stating the graduate's interest in and qualification for the Loan Repayment Assistance Program.
7. A signed agreement that the graduate will report any increase in income within a reasonable time.
8. Any clarification or follow-up documentation that may be requested by the Director of Financial Aid.
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B. Renewal Application Procedure
Participation in the LRAP program is on a year-to-year basis only. Once admitted to the Program, it is the graduate's responsibility to re-apply each year for renewal. Applicants for renewal must complete a new LRAP application. Renewal applicants are considered at the same time as applicants for initial LRAP grants. Renewal applicants may be given preference at the discretion of the Oversight Committee.
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