Parental Leave in LIPP
LIPP will cover loan payments due for up to six months for a parental leave. LIPP eligibility will be calculated as if the graduate were working full-time during this period.
LIPP also covers part-time work after having children. This policy applies only to parents of children not yet of age to enter ninth grade and part-time work must be at least half time. For purposes of eligibility and contribution rates, the full-time salary equivalent is considered.