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Magician Advantage

Loan Repayment Assistance Program (LRAP)

LeMoyne-Owen College is proud to announce the launch of the Magician Advantage Loan Repayment Assistance Program (LRAP), a bold new initiative that invests in students and strengthens the Memphis community.

Starting with the 2025–26 academic year, all admitted, incoming freshmen with a 2.5 GPA or higher will be eligible for the program. The Magician Advantage provides students and families with a financial safety net by helping repay up to $80,000 in federal student, private alternative, and parent PLUS loans if graduates earn $45,000 or less annually.

“This program is about more than just student loans,” said Dr. Christopher B. Davis, LeMoyne-Owen College President. “It’s about removing barriers, so students can get a great LeMoyne-Owen education, follow their passion, and shape the future of Memphis without fear of debt holding them back. It’s not just an investment in individuals; it’s an investment in our city.”

This historic initiative makes LeMoyne-Owen not just the only HBCU in the state to offer this kind of support but also the only college in Tennessee to offer LRAPs to all eligible incoming freshmen.