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The Montreat College Commitment

At Montreat College, we are committed to providing our students with a high-quality education without excessive student loan debt. We understand that many college students and parents are concerned about student debt, and the Montreat College Commitment was created to help address those concerns.

The Montreat College Commitment (MCC) is a student loan repayment assistance program that helps Montreat graduates in entry-level positions to pay off their student loans.

  • Select new Fall 2023 full-time first-time freshmen in our traditional in-person undergraduate program (School of Arts and Sciences) will qualify for the MCC. There are a limited number of spots available. This offer is only available to accepted students who have filed their FAFSAs at fafsa.gov.
  • This is a free “safety net” benefit offered by Montreat College at no cost to students or their families.
  • To find out if you are eligible, please file your FAFSA and indicate Montreat College as a school of interest. Eligible students will be notified by the Admissions Office, and a representative of our partner company Ardeo Education Solutions will call and email you with details on how to claim your MCC benefit.

Once you are employed after graduation, if you earn less than $45,000 per year, we will help you repay your student (and Parent PLUS) loans until your annual income meets the $45,000 threshold or the loans are paid off.

A Comprehensive Commitment

The Montreat College Commitment is part of a larger strategy for limiting the student loan debt of our graduates.

  • Montreat College’s tuition is 25% lower than the national average for private colleges and universities.
  • 99% of Montreat students receive institutional aid.
  • Montreat College graduates incur 45% less student loan debt than the national average for U.S. colleges and universities.

And for four years in a row, Montreat College has been ranked nationally among top colleges for the value of the education we provide for students in terms of educational quality, affordability, low student debt, and graduate earnings.

  • According to LendEDU’s 2019 report, Montreat College’s average student loan debt per borrower ranked the third lowest in the state of NC and lower than 90% of U.S. colleges and universities.
  • In 2018, U.S. News & World Report ranked Montreat College 2nd in North Carolina and 13th in the South for lowest student debt among regional universities.
  • Money magazine ranked Montreat College one of America’s “Best Colleges for your Money – 2017.”
  • Montreat College ranked an impressive 5th among North Carolina schools in The Economist’s 2015 rankings, “The Value of a University.”

Frequently Asked Questions

Q: How does the Montreat College Commitment work?

A: If an eligible Montreat College graduate works at least 30 hours per week and makes less than $45,000 a year, the Montreat College Commitment will help them repay their student loans until they reach that salary threshold. Graduates are responsible for making their monthly loan payments and then requesting a quarterly reimbursement.

Q: How much does the Montreat College Commitment cost?

A: Montreat College provides the program benefit at no additional cost to students or their families.

Q: Are graduates required to work a single full-time job in their intended career field to be eligible?

A: No. Graduates must work a combined total of 30 hours per week to be eligible for reimbursement. This work can be completed with a full-time job or with multiple part-time jobs in any career field.

Q: Are students eligible for the Montreat College Commitment if they continue on to graduate school or pursue international service?

A: Yes. Montreat College graduates are allowed to pause their eligibility while they pursue graduate school or up to three years of international work. Only undergraduate loans taken while studying at Montreat College are eligible for reimbursement under the Montreat College Commitment.

Q: Does the program encourage students to incur more debt?

A: No. The program is intended to allow students to borrow the amount they deem necessary to attend Montreat College while providing them with the freedom to pursue their desired vocational calling. Montreat remains committed to keeping the cost of tuition as low as possible. The Montreat College Commitment does not remove responsibility for repaying loans from the graduate; it simply serves as a safety net for graduates as they launch their careers.

Q: Does the program encourage graduates to avoid getting a job just to avoid repaying their student loans?

A: No. The program is a safety net for graduates as they launch their careers. Graduates have 18 months to find a job and must work at least 30 hours per week to be eligible for reimbursement. During that time they are still responsible for making their student loan payments.

Q: Does the program encourage graduates to keep their income level low to avoid repaying their student loans?

A: No. The purpose of the program is to empower students to pursue their vocational calling without the burden of debt dictating their degree choice during college or their career path after graduation.

Don’t see your question here? Visit https://mylrap.org/Montreat, call 331.226.0640 or email studentservices@mylrap.org.​

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