Haas MBA Loan Repayment Assistance Program (LRAP) – Overview, Amount and Criteria

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Haas School of Business

The Haas Loan Repayment Assistance Programme (LRAP) assists graduates who have incurred large debt from their education and feel restricted in their career choices. Haas LRAP offers a grant, disbursed 6 months after graduation, to cover all the college loan payments in the past half year. Those who are placed within 3 months of graduation typically receive the payment around 1 year after graduation, itemized as the Professional Degree Fee (PDF). The grants are paid only from the month the candidate was in employment.

Decision: Haas LRAP is decided by the Haas Financial Aid Office.

Amount: Reimburses up to and including $95,000 for 100% of their required monthly payments

Criteria
1. Candidates must spend more than 50% of their time with a government agency (any unit of municipal, state, or national government), non-profit (charitable organization categorized under Sections 501(c)(3) or 501(c)(4)) or an organization operating in Social IMPACT

Social Impact Criteria

• Entrepreneurs building ventures with social IMPACT as the primary goal
• Candidates working in for-profit or CSR roles will be evaluated on a case-by-case basis (income-based)
• Only in extraordinary circumstances candidates working outside the US or employed by a non-US organization will be considered for LRAP

Eligible Loans

The LRAP will only repay payments made on loans (private and federal) borrowed during and to fund studies in the Haas Full-time MBA Programme that include:

• FTMBA Loan
• D.K. Kim Loan
• Federal Direct Loan
• Federal Graduate PLUS Loan
• Risk-share loans for international students
• Private loans certified by the Haas Financial Aid Office

Related Download

F1GMAT's Haas MBA Essay Guide

Reference

The Haas Loan Repayment Assistance Programme (LRAP)

 

Berkeley Haas MBA Essay Guide

Question 1: What makes you feel alive when you are doing it, and why? (300 words maximum) (Video Essay)

Question 2: What are your short-term and long-term career goals, and how will an MBA from Haas help you achieve those goals? Short-term career goals should be achievable within 3-5 years post-MBA, whereas long-term goals may span a decade or more and encompass broader professional aspirations. (300 words max)

Question 3: Distance Traveled: At Berkeley Haas, we consider "distance traveled" as the contextual information that helps us understand the unique circumstances, challenges, or influences that have shaped your personal and professional journey.

We invite you to share aspects of your background, personal circumstances, or significant experiences that have meaningfully impacted who you are today and how you've reached this point. Please tell us how these experiences have influenced your perspectives, decisions, and aspirations, and how they contribute to the person you are becoming. (300 words max)

Download F1GMAT's Berkeley Haas MBA Essay Guide

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