Institutional Loan Program

Seattle Pacific offers its own loan program called the SPU Institutional Loan for students who show financial need, are enrolled at least half time (6 credits undergraduate, 3 credits graduate), and who make satisfactory academic progress.

Quick facts:

  • Origination fee: 5%
  • Interest rate: 5%
  • Interest accrual/repayment: begins 6 months after going below least half time enrollment at SPU
  • Repayment period: 10 years
  • Minimum monthly payment: $50
  • Loan Servicer: Heartland ECSI

Initial eligibility application: Free Application for Federal Student Aid (FAFSA)

Download complete details with the SPU Institutional Loan Fact Sheet:

If you’re awarded an SPU Institutional Loan you will receive an email in July with details about loan requirements.

Emergency short-term loan funds

In an emergency, you may also borrow a limited amount of money for up to 30 days. Pick up an application form at Student Financial Services.

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Office of Student Financial Services
3307 3rd Ave West, Suite 114, Seattle WA 98119
206-281-2061 | 800-737-8826 (toll free)