LIPP Year in Review
Though it has grown in size and budget over the years, the Low Income Protection Plan remains committed to the same core mission as always: helping HLS grads manage their debt while pursuing lower-paying jobs. Read more below about the demographics and statistics of our 2015-16 LIPP participants and awards!
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July 1, 2015 – June 30, 2016
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Participation
- 646 graduates received at least one LIPP disbursement between July 1, 2015 and June 30, 2016
- 446 graduates participated for the entire year
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LIPP Longevity
- The average length of time this year’s participants have spent in LIPP is 3.7 years
- 203 participants have been in LIPP for 5+ years
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LIPP Financials
- In 2015-16, LIPP awarded over $9 million, which is 10.5% more than awarded in 2014-15
- The average income of current LIPP participants is $64,740
- The average total original debt of current LIPP participants is $155,460, which would equate to monthly payments of roughly $2099 (using a 7.5% interest rate over 10 years)
- The average award for LIPP participants in the program for the full year is $16,489 (roughly $1,374 per month)
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LIPPers at Home
Top 5 states (or districts) where LIPP participants reside:
- New York, 117 participants
- California, 86 participants
- Washington, D.C., 85 participants
- Massachusetts, 56 participants
- Illinois, 26 participants
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LIPPers Around the World
21 participants live in 13 countries outside the U.S.
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Marriage, Children, and Housing
- 193 participants are married
- 100 participants have children
- 169 children in total
- 22% of LIPP participants from the class of 2013 and earlier have children
- 93 participants are homeowners
- 20% of LIPP participants from the class of 2013 and earlier own homes
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LIPPers at Work
