Perkins Loans

Seattle Pacific University, with funding provided by the U.S. Department of Education, is the lender of the Perkins Loan.

Eligibility requirements 
  • Demonstration of exceptional financial need
  • Enrolled at least half-time (6 credits undergraduate)
  • Making satisfactory academic progress     
Application process

Your initial eligibility application is your Free Application for Federal Student Aid (FAFSA).

  • The interest rate is 5%.
  • Interest accrual and repayment begins nine months after ceasing at least half-time enrollment in school.
  • The repayment period is 10 years.
  • The minimum monthly payment is $40.

Review the Perkins Loan fact sheet (PDF). You can contact the loan servicer, Heartland ECSI, or SFS for loan repayment information.