Evangel University Announces Loan Repayment Assistance Program

Evangel University is introducing the Valor Advantage Loan Repayment Assistance Program (LRAP) — a new benefit designed to ease the burden of student loan repayment for their graduates. Evangel is the first Springfield, Missouri, collegiate institution to offer a loan repayment assistance program to eligible incoming freshmen starting in fall 2025.

"Our goal is to remove as many financial obstacles as possible for students who feel called to be here,” said Mike Rakes, president of Evangel University. “For eligible students, LRAP is one of the tools we use to help make that possible.”

Through the Valor Advantage, eligible students will receive help repaying their federal student, parent PLUS, and private alternative loans if their income after graduation is below $50,000.

Evangel has partnered with Ardeo Education Solutions to offer the LRAP at no cost to eligible students or families. The assistance will continue until the graduate’s income exceeds $50,000 or until their loans are completely paid off.

In addition, Evangel will be offering Student Loan Insurance (SLI), an optional student loan insurance coverage plan. This plan provides an option for students who do not meet the eligibility for LRAP and will be offered to current students who have not yet started their junior year. If eligibility is met, this plan will provide repayment assistance if a student’s post-graduation income is less than $50,000.

Chris Belcher, vice president for Enrollment Management said, "Evangel is proud to invest in our students — especially those with high need — by offering LRAP as a form of loan repayment support. It reflects our ongoing commitment to making Christ-centered education attainable."

For more information, including eligibility details, click here.