Student Financial Services
Student Financial Services

Financial Aid: Loans

Federal Loan Programs
Direct Loan (Subsidized & Unsubsidized)
Nursing Loan



Federal Perkins Loan

Lender: Seattle Pacific University, with funding provided by U.S. Department of Education
Initial eligibility application: Free Application for Federal Student Aid (FAFSA)
Eligibility requirements: Demonstration of exceptional financial need, enrolled at least half time (6 credits Undergraduate / 3 credits Graduate), making satisfactory academic progress

Interest rate: 5%
Interest accrual/repayment: begins 9 months after ceasing at least half time enrollment in school
Repayment period: 10 years
Minimum Monthly Payment: $40
Loan Servicer: Campus Partners
Loan Repayment Information
Perkins Loan Fact Sheet

Students awarded a Perkins loan will be notified in July via their SPU email account regarding requirements for this loan.

Last Updated: 2/20/2015