| by Carol Best email@example.com
Pioneer Pledge is a new Loan Repayment Assistance Program.
The news is full of stories about the growing problem of student loans. Now, MNU is coming alongside high school seniors and their parents with some reassurance. This fall, MNU announced Pioneer Pledge, a program that helps repay student loans.
Beginning with freshmen and eligible transfer students enrolling in fall 2019, this safety net will assist with repaying a student loan after graduation from MNU if the graduate’s income is below $43,000. The lower the graduate’s income, the higher the percentage of repayment, up to 100 percent, until their income increases. And MNU is the first university in Kansas and Missouri to provide this program for all new students.
“We are making this pledge because we believe strongly in the transformative education at MNU,” says Dr. David Spittal, MNU president. “We want our students to feel confident in pursuing their passions after graduation, such as public service, ministry or other pursuits, instead of having to make career choices based solely on long-term debt."
If you’re wondering how MNU can afford to do this, it’s through an investment with the Loan Repayment Assistance Program (LRAP), a foundation that essentially offers an insurance program on the earning power of MNU graduates.
“We’re serious about providing peace of mind about the cost of an education at MNU," says Dr. Mary Jones, provost. “Pioneer Pledge lets students consider internships and other opportunities that can enhance their long-term career options, even if they will earn less initially."
More about MNU’s Pioneer Pledge, its requirements and financial aid is available at MNU.edu/pioneer-pledge.