$6,413

Avg. Federal Grant

$6,002

Avg. Federal Loan

$66,337,567

Total Aid Awarded

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.

Student Loans for Seattle Pacific University (SPU)

Average Loan Amount Average Loan Amount received per year.

$7,082/Year

Students Taking Out Loans

63%

Loan Default Rate

1.9%

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