Centenary lanches loan repayment assistance program to assist students
SHREVEPORT, LA — Centenary College of Louisiana has announced the launch of the Centenary Promise, a loan repayment assistance program (LRAP) available to all first-year students at the College. The program can assist Centenary graduates in repaying their federal student, parent PLUS, and private alternative loans if their income after graduation is below $50,000.
Centenary has partnered with Ardeo Education Solutions to offer the Centenary Promise at no cost to students or families. The loan repayment assistance available through the Centenary Promise will continue until the graduate’s income exceeds $50,000 or until their loans are completely paid off.
For current Centenary admission counselor Kierston McPherson, a 2021 Centenary graduate, this loan repayment assistance program was a crucial factor in her decision to attend the College.
“I knew I was going to be taking out student loans for college,” said McPherson. “The program put me and my family at ease about taking out loans for me to be able to attend Centenary and take advantage of everything that the College has to offer.”
Graduates must meet the following requirements to qualify for reimbursements through the the Centenary Promise program:
- Graduate from Centenary College
- Work a minimum of 30 hours per week after graduation
- Have an annual income of less than $50,000
- Begin making loan payments after graduation
New students must pay their enrollment deposit and sign their LRAP award by May 1.
For more information and to register for the Centenary Promise, students should visit mylrap.org/centenary.