To be eligible for the Haas LRAP, an applicant must work more than half-time for a nonprofit organization, an agency of government, or in social impact. For the purposes of this determination, we have defined these as follows:
Nonprofit organization – an organization that is tax-exempt under section 501(c)(3) or 501 (c) (4) of the Internal Revenue Code.
An agency of government – can be any unit of local, state, or national government in the United States.
- Applicants working in for-profit social enterprises or corporate responsibility roles will be reviewed on a case by case basis as social impact can be defined by industry, company, department, or job.
- Eligibility is based on social impact activity and salary level.
- Social entrepreneurship – applicants who are pursuing entrepreneurship full-time with a focus on a social impact venture may also be considered for LRAP.
In exceptional situations, the Haas LRAP is available to graduates who are employed by a foreign government, a foreign nonprofit organization, or an international nonprofit organization as determined by the Haas Financial Aid Office.
The LRAP will reimburse payments made only on loans (private and federal) borrowed during the course of, and in order to fund, study in the Haas Full-time MBA Program. This includes:
- 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
Students with consolidated or refinanced loans may still apply. The LRAP reimbursement will, however, only apply to eligible MBA loans as noted above.