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Undergraduate Admissions

Loans

look at the numbers:

32%

SPU students who do not borrow money to pay for their education.


2.3%

SPU student default rate - compare to Washington’s statewide default rate of 10.1 percent or the national default rate of 11.8 percent.


$28,880

Average amount SPU students have borrowed at graduation (class of 2016). The national average for the class of 2016 (for both public and private universities) is $37,172.

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 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.