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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 excellent rates and services to our students and has provided a list of lenders 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.
2007-2008 Summer Quarter |
June 2008 |
2008-2009 Full Year Award |
September 2008 |
Fall Quarter |
September 2008 |
Winter Quarter |
January 2009 |
Spring Quarter |
March 2009 |
Summer Quarter |
June 2009 |
- Graduation date: Please select the dates corresponding to the conclusion of the term in which you anticipate graduating.
Freshman 2008-2009 |
Spring Quarter |
June 2012 |
Sophomore 2008-2009 |
Spring Quarter |
June 2011 |
Junior 2008-2009 |
Spring Quarter |
June 2010 |
Senior 2008-2009 |
Spring Quarter |
June 2009 |
Mid year graduation months:
|
Fall Quarter |
December |
| Winter Quarter |
March |
| Summer Quarter |
August |
- 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.
Private loans for less than half-time enrollment:
Chase Select Loan
Citibank CitiAssist Loan
Education Finance Partners Private Loan
US Bank No Fee Education Loan
Wells Fargo Collegiate Loan
- If you are no longer enrolled at SPU and you have an owing balance, borrowing an alternative loan is an option. 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.
|
Maximum Period of Prior Balance |
|
Lender |
Months |
Additional requirements |
KeyBank Alternative Loan |
2 |
|
US Bank No Fee Education Loan |
6 |
|
CampusDoor Private Loan |
8 |
Student must have graduated from SPU. |
Education Finance Partners Private Loan |
12 |
|
Wells Fargo Collegiate Loan |
12 |
|
Citibank CitiAssist Loan |
12 |
|
Chase Select Loan |
12 |
|
Sallie Mae Signature Loan |
12 |
Balances more than 121 days past due will not be approved without a co-signer. |
Wachovia Education Loan |
36 |
|
Bank of America No Fee Loan |
No limit |
Any past due balance may be eligible provided that the account balance remains due to SPU and the account is not in collections. |
Click here to enter the SimpleTuition resource.
Last Updated: 3/14/2008
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