Seattle Pacific University (SPU) Financial Aid and Scholarships
Students Receiving Aid
94%
Total Aid Amount
$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.
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