SPRINGFIELD, Missouri – 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. This program reflects Evangel’s ongoing commitment to student success and affordability, serving as another way they are standing behind the value of an Evangel education.
“Our goal is to remove as many financial obstacles as possible for students who feel called to be here. For eligible students, LRAP is one of the tools we use to help make that possible” said Dr. Mike Rakes, President of Evangel University. 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, please visit www.evangel.edu/about/lrap/.
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Evangel University, with its embedded Assemblies of God Theological Seminary (AGTS), is a comprehensive Spirit-led Christian university located in Springfield, Missouri. It is regionally accredited by the Higher Learning Commission and a member of the Council for Christian Colleges and Universities. Under the leadership of Dr. Mike Rakes, EU is committed to excellence in educating and equipping students to serve the Church and society globally and becoming compassionate innovators in their chosen vocations. EU offers more than 70 degree programs, including cutting-edge majors, pre-professional programs, and affordable and flexible online degree options.
EU is highly regarded and has been ranked:
- #1 Best College in Springfield & #2 Best Christian College in Missouri by Niche
- US News & World Report Best Colleges Top Performer in Social Mobility
- Colleges of Distinction Best Christian University
- Top 10 Best Universities by AcademicInfluence.com
- Third Most Beautiful Campus in the Midwest by Christian Colleges & Universities
- Top 10 Best Colleges in Missouri by BestColleges.com
With additional accreditations in business, counseling, music, social work, and theology and certification as an Excellence in Giving university, EU is focused on providing students with hands-on experience and real-world training for today’s professional careers. Learn more about the university at evangel.edu.