Seattle Pacific University, with funding provided by the U.S. Department of Health and Human Services (Title VIII), is the lender of the Nursing Loan.
You must be admitted to the SPU nursing program.
Sophomore standing or higher.
Demonstration of financial need
Enrolled at least half-time (6 credits undergraduate)
Making satisfactory academic progress.
Interest rate: 5%
Accrual and repayment: Begins nine months after going below least half-time enrollment in a course of study at a collegiate school of nursing leading to a baccalaureate degree in nursing, an equivalent degree, or graduate degree in nursing
- Repayment period: 10 years
- Minimum monthly payment: $40
Review the Nursing Loan Fact Sheet (PDF). You can contact the loan servicer, Heartland ECSI, or SFS for loan repayment information.