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Loan Assistance Program has been supported by
the Collins Family Foundation (Ron Collins KSM
'98) and the Steans Family (Jennifer Steans KSM
'89).
In
addition, several graduating classes in the full-time
and Executive MBA Program have designated their
gifts to this Fund. |
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Program
Info
Collins
Family Loan Assistance Program
Description
The
Kellogg School of Management’s Loan Assistance Program
(LAP) enables Kellogg graduates to enter careers in the public
and nonprofit sectors by reducing the educational debt burden
that sometimes limits graduates from pursuing positions within
these sectors. The LAP is an important component of Kellogg’s
overall Social Enterprise at Kellogg (SEEK) program, demonstrating
Kellogg’s commitment to meeting the growing need for public
and nonprofit professionals with managerial skills.
The LAP
accomplishes this goal by paying a percentage of a graduate’s
Kellogg-related educational loan obligations for the duration
of his or her full-time employment in low-salaried positions
within the public or nonprofit sectors. Recipients must reapply
every year and can continue to receive funds for ten years
after graduation, as long as they qualify or until their loans
are repaid. The amount contributed by the LAP is a function
of an individual’s financial position and that of his/her
immediate family as defined by the Kellogg Financial
Aid Office guidelines. Recipients are responsible for
satisfying at least some portion of their annual loan obligation.
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