| FINANCING YOUR EDUCATION
There are few, if any, investments in life as important as that of a college education. SPU expects to administer over $80 million in scholarships and financial aid to help qualified students attend the University in 2011-12. From these resources, we can design a financial assistance package specifically for you.
To find out why so many students and families have invested in an SPU education, click here.
Thinking about attending SPU, and wondering what kind of aid you might get? Try our Net Price Calculator to estimate financial aid and out-of-pocket costs.
SFS UPDATES
IMPORTANT ANNOUNCEMENTS
Changes made by Congress will affect federal Stafford and PLUS loans beginning July 1st 2012.
Elimination of Loan Fees Rebate (All Students):
Current fees:
- Stafford: 1% origination fee - .5% rebate = .5% net fee
- PLUS: 4% origination fee – 1.5% rebate = 2.5% net fee
New fees for loans disbursed on or after July 1st 2012: no rebate
- Stafford: 1% origination fee
- PLUS: 4% origination fee
Elimination of Grace Period Interest Subsidy (All Students):
Current interest subsidy for Subsidized Stafford loans
- Interest is paid by the government while the student is in school and during the 6-month grace period which begins when students fall below half-time status, withdraw, or graduate.
New interest subsidy for Subsidized Stafford loans disbursed on or after July 1st 2012:
- Interest is paid by the government while the student is in school enrolled at least half-time.
Elimination of Loan Interest Subsidy (Graduate Students):
Effective for loan periods beginning Autumn quarter 2012, the Subsidized Stafford Loan will no longer be available to graduate and professional students. The graduate Stafford loan program will become entirely unsubsidized, which means that the borrowed amount will accrue interest while the student is in school.
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