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Loan Repayment Assistant Programs

Impact Advantage FT MBA Loan Repayment Program

A new pilot loan repayment program for full time MBA graduates!

The Ross School of Business Impact Advantage program provides educational loan repayment assistance to full-time MBA graduates who pursue careers in nonprofit or public sector organizations. 

Full-time MBA students whom graduated in 2021 or after will be able to apply for the Impact Advantage program to receive up to $7,500 per year for the first 5 years after graduation, towards their Ross-related loan obligations. The graduate must be in a full-time position within the public or nonprofit sectors earning below the median base salary of the most recent graduating class. Must reapply each year for re-consideration.

2022 Impact Advantage gross income maximum is set at $140,000

The 2022 Impact Advantage maximum salary is based on the graduation class of 2020 reported median based salary. This amount will be recalculated each year based on the most recently available graduation class median based salary.

Deadline to submit 2022 Impact Advantage Application : November 1, 2021.

Subject to fund availability and restrictions at Ross and the University of Michigan broadly.

2022 Impact Advantage Loan Repayment Application - OPEN

Full time MBA that graduated before May 2021 are not eligible for Impact Advantage; please see Ross Loan Repayment Assistance Program, below.

All other non FT MBA program graduates please see Ross Loan Repayment Assistant Program, below.

Ross Loan Repayment Assistance Program

The Ross Loan Repayment Assistance Program provides financial assistance to all other Ross graduates who are currently pursuing careers in nonprofit and public sector organizations. Qualified applicants will receive financial assistance to help pay for a portion of Ross-related, need-based loan obligations while employed full-time in a position within the nonprofit or public sectors. The calculated Loan Repayment Assistance Program amount for which the applicant is eligible is based on the applicant’s financial position and that of the applicant’s immediate family. Must reapply each year.

Deadline to submit 2022 LRAP Application : November 1, 2021.

Subject to fund availability and restrictions at Ross and the University of Michigan broadly.

2022 Ross LRAP Application - OPEN