Loans

Your education is perhaps the only asset you'll ever have which is guaranteed never to decrease in value. People pay off things of value over long periods of time—think of a home or automobile. That's exactly what student loans let you do. Your ability to repay the loan is based on the reasonable assurance that your future income as a college graduate will make loan repayment more than manageable.

Seattle University offers a wide range of loans to graduate students. Below is only a sample of what we offer. Please visit the Student Financial Services website for more information.

Need-Based Loans

Seattle University offers a wide range of need-based loans to graduate students. Below is only a sample of what we offer.

Federal Perkins Loan

Long-term, need-based loan available to extremely needy students based on fund availability.
Maximum loan is $4,000 per academic year.
Interest rate is 5 percent.
Lender is Seattle University.
Repayment begins nine months after student ceases at least half-time enrollment.
Offers limited deferment and forgiveness features.
Only offered when funds are available.
Completed FAFSA required.

Federal Direct Stafford Loan

Long-term, need-based loan.
Interest rate is 6.8% for loans taken in the 2008-2009 year. Interest does not accrue until repayment begins.
Annual limit is $8,500
Repayment begins six months after student ceases at least half-time enrollment.
Completed FAFSA required.

Federal Direct Unsubsidized Stafford Loan

Long-term non-need-based loan.
Annual limit is $12,000. (Students may receive a partial Federal Direct Stafford Loan and a partial Unsubsidized Direct Federal Stafford Loan. The total of both loans may not exceed the combined annual loan limits of $20,500.)
Same conditions as Federal Stafford Loan, except interest accrues immediately. Principal can usually be deferred.

Federal Direct PLUS Loan

Long-term non-need-based, credit-based loan.
Loan and other aid may not exceed cost of attendance.
Interest accrues immediately but principal can be deferred.

Non-Need-Based Loans

These Private Educational Loans are available to student borrowers. The interest rate is variable. Interest accrues while you are in school. Repayment of the loan begins six months after you leave school or drop below half-time enrollment. Students may borrow annually up to the total cost of attendance, less financial aid. Most require the student to be a degree seeking student and registered for at least half-time study. However, some of the Continuing Education Loans can be used for less than part-time study and non-matriculated status. To find out more information about these types of loans and apply, please go to our Private Loan Lender List. You will be able to compare interest rates, fees and other incentives that lenders provide.

Please visit the Student Financial Services website for more information on other educational assistance.