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Alternative Loans
Borrowers must select a lender for an alternative loan. To assist you in the selection of a lender, Seattle Pacific University carefully reviews the policies and products of lenders to identify lenders who will provide good to excellent rates and services to our students. This list of lenders and comparative information about fees and benefits is available through a customized page through SimpleTuition. PLEASE NOTE: You are not required to use one of these lenders.
The following information may be helpful as you prepare to use the SimpleTuition resource. This information will be needed so that SimpleTuition can calculate estimates of borrowing costs from multiple lenders. You will be presented with numbers customized to your situation.
Seattle Pacific University has provided payment plan options that may help you eliminate or reduce the need for a private loan. Please use our interactive worksheet that will help you determine your need for and the amount of a private loan.
- Loan needed: Please select the month and year for the first term in which you wish to receive an alternative loan.
2008-2009 Summer Quarter |
June 2009 |
2009-2010 Full Year Award |
September 2009 |
Fall Quarter |
September 2009 |
Winter Quarter |
January 2010 |
Spring Quarter |
March 2010 |
Summer Quarter |
June 2010 |
- Graduation date: Please select the dates corresponding to the conclusion of the term in which you anticipate graduating.
Freshman 2009-2010 |
Spring Quarter |
June 2013 |
Sophomore 2009-2010 |
Spring Quarter |
June 2012 |
Junior 2009-2010 |
Spring Quarter |
June 2011 |
Senior 2009-2010 |
Spring Quarter |
June 2010 |
Mid year graduation months:
|
Fall Quarter |
December |
| Winter Quarter |
March |
| Summer Quarter |
August |
- Less than Half-time Enrollment
Most lenders require at least half-time enrollment (3 credits graduates; 6 credits undergraduates). If you are less than half-time and are you seeking an alternative loan, please review the relevant list below. If you select a lender who is not on this list, be sure to ask about their enrollment requirements. Please note that lender programs are subject to change; borrowers are advised to review the details for eligibility with any prospective lender.
Private loans for less than half-time enrollment:
Chase Select Loan
Citibank CitiAssist Loan
Discover Certified Private Loan
Sallie Mae Smart Option Loan
US Bank No Fee Education Loan
Wells Fargo Collegiate Loan
- Past Due Balances
If you are no longer enrolled at SPU and you have an owing balance, borrowing an alternative loan may be an option to consider. The following lenders from our alternative lender list offer loans that may be used for prior term past due balances. If you select a lender who is not on this list, be sure to ask about their past due balance requirements. Please note that lender programs are subject to change; borrowers are advised to review the details for eligibility with any prospective lender.
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Maximum Period of Prior Balance |
|
Lender |
Months |
Additional requirements |
US Bank No Fee Education Loan |
6 |
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Sallie Mae Smart Option Loan |
6 |
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Discover Certified Private Loan |
6 |
|
Chase Select Loan |
12 |
|
Wells Fargo Collegiate Loan |
12 |
Must also apply for a current/future term loan. |
Click here to enter the SimpleTuition resource.
Last Updated: 8/17/2009
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