Mustang Advantage
Loan Repayment Assistance Program

You've got a bright future ahead of you; worrying about student loan debt shouldn't be a part of it. Central Baptist College does not want the fear of student loan debt to keep students from our life changing higher education experience. The Mustang Advantage Program is offered through a partnership with the LRAP Association. The Mustang Advantage makes a simple promise. If your income is low after you become a Mustang graduate then we will help you repay your loans. This
program covers up to 100% of all federal, private, and parent PLUS loans at no cost to the student or parent, if the student does not meet specified income thresholds after graduation.

"I'm very grateful to CBC for offering the Mustang Advantage to its students! CBC is the only college I know of that offers this incredible opportunity, especially for those students and their families who are concerned about how they will plan to pay off student loans to pay for college! Thank you Central Baptist College for offering this generous repayment plan to your students and families! Not only does this demonstrate CBC's dedication and value of its students, but the Mustang Advantage offered by CBC places great emphasis on the importance of the need for a higher education, especially in today's society! So, with all sincerity, and my deepest gratitude, I thank you for continued dedication to the student's at CBC!"

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How does the Mustang Advantage work with LRAP?

Program Details

Who is eligible for the Mustang Advantage program?

  • Qualifying full-time incoming Freshmen or Transfer students
  • Limited number of awards available
  • Consult our Admissions or Financial Aid departments for more details 

What are the Mustang Advantage program eligibility requirements?

  • The student must graduate from Central Baptist College
  • The graduate must be employed at least 30 hours per week at minimum wage
  • The graduate must work in the United States
  • The graduate must earn less than $40,000 annually (2017-2018 academic year threshold)
  • The graduate will be eligible for loan repayment assistance until income rises above $40,000 annually
  • The graduate cannot be self-employed or employed by a family member

What Loans are covered under the Mustang Advantage program?

  • All federal student loans
  • Private educational loans
  • Parent PLUS loans

Mustang Advantage FAQ's

  • Can a graduate use this benefit if they are a pastor? Yes
  • Will this program work if the graduate is married? Yes
  • Does this program work if the graduate is a stay at home parent? Yes
  • Is there an option to delay this benefit for a time if the graduate works overseas? Yes
  • Can a graduate still use this benefit if they attend graduate school? Yes
  • Can a graduate work multiple jobs that equal 30 hours per week to use this benefit? Yes

For more answers to your questions please access the Terms & Conditions here, access, contact the Admissions or Financial Aid departments to speak with a representative about the Mustang Advantage Program or schedule a Personal Campus Tour.

Admissions E-mail & Phone Number:


 (501) 329-6873 

LRAP Association website:


© Central Baptist College 1501 College Avenue Conway, Arkansas 72034

voice: (501) 329-6872
fax: (501) 329-2941


Central Baptist College is committed to transforming lives through education that integrates Christian faith and academic excellence in a Christ-centered environment.