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LIPP will cover loan payments due for up to six months for an employer approved 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.
Participants interested in taking advantage of these policies will have to submit the Parental/Part-Time Leave Employer Certification Form and Parental Information Sheet with each application.
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