Understanding types of financial aid
Several different types of financial aid can make up a financial aid package. Some is need-based; some is based on achievement. Some aid needs to be repaid; some doesn’t. And earning money through work study may be part of paying for school, in addition to gaining valuable work experience. We will help you navigate the types of financial aid. Our team at Student Financial Services is ready to help.
Grants are gift aid which you do not need to repay. Seattle University is pleased to award the following grants:
- The Federal Pell Grant
- The Federal Supplemental Educational Opportunity Grant
- The Washington State Need Grant
- Seattle University Grants
Seattle University students participating in Army, Air Force, or Navy ROTC may receive ROTC grants.
Student loans are generally interest free while you are in school, and low interest during the repayment period. Payments may be deferred or forgiven based on certain conditions set by the federal government. Student loans must be repaid. In general, however, the terms are far more favorable than commercially available loans.
There are a number of loans available through the Student Financial Services Office at Seattle University. These include Federal Direct Stafford Loans, Federal Perkins, Federal Nursing Loan, Federal Direct PLUS loan for Parents, Federal Direct PLUS loan for graduate students, and Alaska Loan. Student Financial Services can also certify Private Educational Loans for borrowers including some that can pay Past Due Accounts.
Our work-study programs offer you the opportunity to gain valuable work experience while earning money for college. Students are able to enhance their current course work as well as their future profession by integrating classroom learning with real-world work experience. Because Seattle-area employers are eager to participate in the program, there are usually more work-study jobs available than there are students to fill them.
Undergraduate students who complete the Free Application for Federal Student Aid (FAFSA) by the university priority deadline, February 1st (or within 30 days of admission if admitted after January 1) are considered for institutional gift aid in addition to federal and state funding. So don’t wait; apply today!