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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

  • 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)

  • LIPPers at Home

    Top 5 states (or districts) where LIPP participants reside:

    1. New York, 117 participants
    2. California, 86 participants
    3. Washington, D.C., 85 participants
    4. Massachusetts, 56 participants
    5. Illinois, 26 participants

  • LIPPers Around the World

    21 participants live in 13 countries outside the U.S.

  • 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

  • LIPPers at Work

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