Seattle Pacific University (SPU) Financial Aid, FAFSA/Federal School Code, Scholarships and Deadlines 2022

Seattle Pacific University (SPU) Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

94%

Total Aid Amount Average Total Aid Awarded per year.

$66.338M

Financial Aid Official Website

www.spu.edu/depts/sfs/

It is interesting to note that, every year, around 99% of students at SPU receive some kind of financial aid, while the total amount of assistance/loans provided is $11,289,385. For additional information about financial assistance schemes, one can head over to SPU’s financial aid page at http://www.spu.edu/depts/sfs/. The total percentage of candidates applying to Seattle Pacific University who receive the Federal Grant is 39%. On the other hand, 99% of the candidates get the Student Grant, 99% receive the Institution Grant, and 39% get the Pell Grant. While the Federal Grant awardees receive an average aid of $6,509, the State Grant receivers and Institution Grant beneficiaries get $10,114 and $25,259, respectively. On the other hand, the average aid received by the Pell Grant awardees is $4,443. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. Those with a family income below $30,000 per annum, would get an average federal aid of $30,347 in a year. For the $30,001-$48,000 and $48,001-$75,000 family income brackets, the average aid amount stands at $25,964 and $26,017, respectively. On the other hand, the average federal aid stands at $24,094 for those with an annual family income between $75,001 and $110,000, and at $19,346 for an income more than $110,000. Alternatively, the candidates can also avail of monetary benefits like student loans, apart from financial grants and scholarship schemes to pay for their studies. However, student loans attract a certain rate of interest at which the funds are borrowed. While grants and scholarship schemes do not require repayment, student loans should be repaid by the applicants within a given period. At SPU, an estimated number of 64% of the applicants choose to go for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

33%

State Grant Aid

21%

Institution Grant Aid

99%

Pell Grant

32%

Average Aid Awarded

Federal Grant Aid

$6,413

State Grant Aid

$10,693

Institution Grant Aid

$22,164

Pell Grant

$4,498

The financial help provided to students is categorized as the following :

The total federal grant received is 33% that is the amount equal to $6413.
The state grant and the institutional grant aid are 21% and 99% respectively. The amount that students receive is $10693 and $22164. The highest grant of all is the institutional grant.
The Pell grant is 32% which is the least amount provided equally to $4498.

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$33,391

$30,001 - $48,000

$33,241

$48,001 - $75,000

$30,314

$75,001 - $110,000

$25,098

Over $110,000

$21,501

The family income is another factor based on which the aid is provided to the students. Five different ranges define the amount of aid to be given to students.

The income under the amount of $30000 leads to the average financial aid per year of $33391.
The income range between $30001 to $48000 makes the amount decrease slightly to $33241.
The amount of $30314 is provided to the students with family income from $48001 to $75000.
There is a further decrease in the amount to $25098 for the income within the range from $75001 to $110000.
For the income greater than $110000, the aid is equal to the amount of $21501.

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