For need-based financial assistance, the contribution toward college costs expected from the student is calculated according to a federally mandated system called federal need analysis, which takes into account many factors representing the family's financial situation. To receive financial aid, a student must be enrolled for a minimum of 3 credits per term in a program leading to a degree or the residency teacher, superintendent, principal, counseling, medical family therapy, or nurse practitioner certificate.
The Financial Aid Offer
SPU-Church Matching Scholarships are awarded to students who are chosen by a scholarship committee within an organized Christian church in the United States or Canada. Churches must be approved by Student Financial Services and must provide the office with a letter of confirmation for each scholarship awarded by October 1. Contact Student Financial Services (SFS) for further information.
SPU – National Science Foundation Robert Noyce Scholarships are awarded through a competitive process to graduate students who will complete a graduate degree in education, have a prior bachelor’s degree in Science, Technology, Engineering, or Mathematics (STEM) field, and agree to teach in a high need school district as defined by the terms and conditions of the Noyce Scholarship program. Scholarship is available for one year.
SPU endowed gifts and scholarships. Students may contact their respective
graduate school coordinator to learn more about endowed gifts and scholarship
opportunities that may be available. Scholarship and grant directories are available at the Seattle Pacific University Library and in public libraries.
Suggested resources include:
Federal Stafford loans (subsidized and unsubsidized). Students may borrow up to $8,500 annually in subsidized Stafford loans, and the unsubsidized Stafford loan cannot exceed $20,500 alone or in combination with the federal subsidized Stafford loan. Clinical psychology doctoral students may borrow up to $33,000 (9-month academic year) or $37,167 (12-month academic year) in unsubsidized Stafford loan alone or in combination with the federal subsidized Stafford loan. These loans are made through banks, savings and loan associations, and credit unions.
Any student is eligible to apply who satisfies the eligibility requirements as established by the U.S. Department of Education. The federal Stafford loan interest rate may vary depending on when the student borrows the funds and when he or she enters repayment, the subsidized interest rate will be 6 percent and the unsubsidized will be 6.8 percent.
Payment terms may also vary; students are encouraged to check with their lenders. No interest is charged while students are enrolled at least half time in a degree seeking program and during a six-month grace period thereafter for subsidized loans. Interest begins accruing immediately on the unsubsidized loans. For information regarding types of payment deferments, students must contact their lenders.
Federal graduate PLUS loan. This aid program is effective July 1, 2006. Students will be considered upon request after full utilization of their federal subsidized and unsubsidized Stafford loan eligibility; students may borrow up to the cost of attendance minus current financial assistance; these loans are made through banks, savings and loan associations, and credit unions; any student is eligible to apply who satisfies the eligibility requirements as established by the U.S. Department of Education.
Eligibility also involves a credit check; interest begins accruing immediately and is a fixed rate of 8.5 percent; no grace period, payment begins 60 days after end of the loan period; borrowers may apply for in-school deferment in order to postpone payments, but should contact their lenders.
Federal Teacher Education Assistance for College and Higher Education (TEACH) Grant Program. This program benefits current and prospective teachers who agree to teach full time for four years in a federally designated eligible school. The funds from this program are automatically credited to your student account at the beginning of each quarter, provided all requested documents have been submitted to Student Financial Services, you are registered for the number of credits upon which your financial aid award was based, verification (if required) has been completed, and you continue to meet the grant requirements.
Federal work study, on campus. Part-time employment opportunities for students on campus; students must have applied for financial aid and be awarded work study to be employed in the federal work-study program — graduate students must request to be considered for federal work-study through Student Financial Services.
State work-study employment, off campus. Students must have applied for financial aid and been awarded work study to be employed in the state work-study program — graduate students must request consideration for state work-study through Student Financial Services. This program is sponsored by the state of Washington, and the participating employers are reimbursed by the state for a portion of the wages they pay work-study students.
Washington State Future Teachers Conditional Scholarship and Loan Repayment Program. The Future Teachers Conditional Scholarship and Loan Repayment program is designed to encourage outstanding students and paraprofessionals to become teachers, and to encourage current teachers to obtain additional endorsements in teacher shortage subjects.
To be eligible for this program, you must be a resident student of Washington state, plan to complete an approved program leading to a residency teacher certificate or an additional shortage subject endorsement, plan to be employed as a certificated classroom teacher in Washington K-12 public schools, plan to attend an eligible college at least half-time (note: Some online programs are not eligible for funding under this program), and you must not be pursuing or planning to pursue a degree in theology. Visit the Washington Higher Education Coordinating Board for additional information and application process.
Note: The combination of all sources of financial aid (grants, scholarships, loans, and work study) cannot exceed the cost of attendance as determined by SFS.
Disbursement of Financial Aid
Once the student has notified SFS of his or her Stafford and/or Grad PLUS lender (pdf), and completed a Master Promissory Note (MPN), the bank will send the funds to SPU in one of two ways. If the bank participates in electronic funds transfer, the funds will be automatically applied to the student's account; if the bank does not participate in electronic funds transfer, it will send a check each quarter, which the student will need to endorse in SFS. Continuing students who have already signed a master promissory note for their federal Stafford loan (subsidized and unsubsidized) in a previous year will not need to complete another loan application. Instead, loan information will be automatically sent to the lender the student used previously.
Minimum Grade Point Average
A financial aid recipient must be in good academic standing at the University. At the completion of the second year, and by the end of each subsequent quarter of study the student must have a cumulative 2.0 GPA to remain eligible for financial assistance, including Title IV (federal) funding. Students who do not achieve a 2.0 cumulative GPA will be ineligible for further financial assistance until the cumulative GPA is achieved.
Minimum Credit Requirement
Maximum Time Frame
of Unsatisfactory Progress
Reinstatement of Eligibility