SPU Institutional Loan Program
Lender: Seattle Pacific University
Initial eligibility application: Free Application for Federal Student Aid (FAFSA)
Eligibility requirements: Demonstration of financial need, enrolled at least half time (6 credits Undergraduate / 3 credits Graduate), making satisfactory academic progress
Origination fee: 5%
Interest rate: 5%
Interest accrual/repayment: begins 6 months after ceasing at least half time enrollment at SPU.
Repayment period: 10 years.
Minimum Monthly Payment: $50
Loan Servicer: Campus Partners
Loan Repayment Information
SPU Institutional Loan Fact Sheet
Students who have been awarded an SPU Institutional loan will be notified in July, via their SPU email address, regarding requirements for this loan.
Last Updated: 5/29/2014