We urge all students to become familiar with the LIPP program. While many students know at graduation that they want to apply for LIPP and enter the program in the year they graduate, many alumni contact us several years after graduation to apply for LIPP. These are generally alumni who have switched careers and utilize LIPP assistance to make this employment change possible while maintaining their loan repayment obligations.
LIPP eligibility is based on three factors:
- Eligible Borrowing – find out how much of your borrowing is eligible and what your required monthly loan payments are
- Participant Contribution Scale – estimate how much you will be expected to contribute based on your post-graduation income
- Eligible Employment – work must be full-time and compensated
- Relevant Assets – LIPP protects some according to a graduate’s number of years worked
Points every graduate should remember:
- Graduates are eligible to enter LIPP at any time during repayment
- LIPP does not have a fixed salary cap; each individual graduate is eligible up to the point at which Participant Contribution exceeds LIPP-eligible monthly loan payment total
- LIPP is not just for public interest positions
Additional information and resources given to graduates applying for LIPP