Loans

Look at the numbers:

34.2%

SPU students who graduate with no debt at all!


1.9%

SPU student default rate. Compare to Washington state's default rate of 9% or the national default rate of 10.1%.


$29,782

Average amount SPU students have borrowed at graduation. The national average is $32,731.

Keep in mind
  • There are many different types of loans (federal, institutional, loans for parents, alternative loans), and different ways to pay them back — including flexible options tied to your future income.
  • SPU has partnered with LRAP to help students repay their loans. If your income qualifies after college graduation, LRAP can help you pay back your loans. 
  • SPU graduates typically borrow less than the national average.
  • And (not surprisingly!) SPU graduates have an excellent track record of making good on their college investment, demonstrating that they are able to earn the money necessary to pay back their student loans.

Check out all the resources from Student Financial Services to help understand the loan puzzle.