Tufts Loan Repayment Assistance Program

April 22, 2008

Dear Members of the Tufts Community:

I am very pleased to announce the formal launch of Tufts' new Loan Repayment Assistance Program (LRAP).

This important new initiative will help Tufts graduates who are working in public service to pay a portion of their annual bills for educational loans. While loan repayment assistance programs are already in place at many institutions, including Tufts' own Fletcher School, ours is believed to be the first university-wide program of its kind in the nation. It is especially appropriate for Tufts to make this commitment, since as an institution we seek to encourage a spirit of public service in our students.

The LRAP program will be funded by income from the Omidyar-Tufts Microfinance Fund, which was established in 2005 with a $100-million gift from Tufts graduates Pierre and Pamela Omidyar. The Omidyars share with Tufts a strong commitment to active citizenship, and we are grateful to them for this new opportunity to support our graduates' careers in public service.

All alumni with undergraduate, graduate, or professional degrees from the university are eligible to apply for loan repayment assistance if they are paying off educational loans incurred in order to attend Tufts and are employed by a non-profit or public-sector agency. All awards will be need-based. More details on the program and how to apply are available at http://activecitizen.tufts.edu/LRAP. Applications are due September 1.

The LRAP program is part of our long-term strategy to make a Tufts education more affordable. This has already led to important changes in financial aid policy, such as our announcement last year that we would replace loans with grants for undergraduates whose families earn less than $40,000 a year, starting with the Class of 2011. Support for undergraduate and graduate financial aid is a critical priority of Beyond Boundaries: The Campaign for Tufts, and we are grateful to the many alumni and friends who are helping Tufts open its doors to exceptional students.

Every student who graduates with a loan worries about how to pay it off. We hope that the new Tufts Loan Repayment Assistance Program will make it easier for our graduates to pursue their passions and make a difference in the world.

Sincerely,

Lawrence S. Bacow
President

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	v 2008 Memos > Task Force on Freedom of Expression > Tufts Distinction Awards > Tufts Medical Center > Frank C. Doble Gift > Tufts Loan Repayment Assistance Program > Summer News and Updates > 2009 President's Marathon Challenge > Tufts and the Economy > Tufts Votes > Bonus Days Off 12/26/08 and 1/2/09 > Update on Tufts and the Economy > Tufts and Bernard Madoff	Home » Community Memos » 2008 Memos » Tufts Loan Repayment Assistance Program Tufts Loan Repayment Assistance Program April 22, 2008 Dear Members of the Tufts Community: I am very pleased to announce the formal launch of Tufts' new Loan Repayment Assistance Program (LRAP). This important new initiative will help Tufts graduates who are working in public service to pay a portion of their annual bills for educational loans. While loan repayment assistance programs are already in place at many institutions, including Tufts' own Fletcher School, ours is believed to be the first university-wide program of its kind in the nation. It is especially appropriate for Tufts to make this commitment, since as an institution we seek to encourage a spirit of public service in our students. The LRAP program will be funded by income from the Omidyar-Tufts Microfinance Fund, which was established in 2005 with a $100-million gift from Tufts graduates Pierre and Pamela Omidyar. The Omidyars share with Tufts a strong commitment to active citizenship, and we are grateful to them for this new opportunity to support our graduates' careers in public service. All alumni with undergraduate, graduate, or professional degrees from the university are eligible to apply for loan repayment assistance if they are paying off educational loans incurred in order to attend Tufts and are employed by a non-profit or public-sector agency. All awards will be need-based. More details on the program and how to apply are available at http://activecitizen.tufts.edu/LRAP. Applications are due September 1. The LRAP program is part of our long-term strategy to make a Tufts education more affordable. This has already led to important changes in financial aid policy, such as our announcement last year that we would replace loans with grants for undergraduates whose families earn less than $40,000 a year, starting with the Class of 2011. Support for undergraduate and graduate financial aid is a critical priority of Beyond Boundaries: The Campaign for Tufts, and we are grateful to the many alumni and friends who are helping Tufts open its doors to exceptional students. Every student who graduates with a loan worries about how to pay it off. We hope that the new Tufts Loan Repayment Assistance Program will make it easier for our graduates to pursue their passions and make a difference in the world. Sincerely, Lawrence S. Bacow President
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