William D. Ford Direct Loan Program
The South Puget Sound Community College participates in the major federal student loan programs to give our students options for paying for college. We know that students would prefer to receive grants and scholarships, but reality is that many of our students must rely on loans as well to help pay for their education. The federal loan programs below offer a secure, government-regulated, reasonably affordable way to invest in yourself and your goal of a higher education.
SPSCC students should be aware that student Loans are financial obligations that must be repaid. Pay careful attention to the terms and conditions of any loan you borrow to help pay for school. Do not borrow more than you need or can repay comfortably after leaving school.
Cohort Default Rate Disclosure Statement
A schools Cohort Default Rate (CDR) is the percentage of a school's borrowers who enter repayment on certain Federal Family Education Loan (FFEL) Program or William D. Ford Federal Direct Loan (Direct Loan) Program loans during a particular federal fiscal year (FY), October 1st to September 30th, and default or meet other specified conditions prior to the end of the second following fiscal year.
SPSCC Cohort Default Rates 2019, 2020 & 2021
Click here to learn more about the national average CDR (https://fsapartners.ed.gov/knowledge-center/topics/default-management).
Veteran's wishing to have more information regarding SPSCC Cohort Default Rates should contact Michelle Erzen at veteranservices@spscc.edu or the financial aid office directly.
Financial Wellness Programs at SPSCC
Solutions at ECMC
We've teamed up with Solutions at ECMC to answer all of your student loan repayment questions. Solutions is a service of the non-profit organization ECMC and is dedicated to helping students manage educational loans. Their resources are available to you free of charge. To contact a Solutions Student Loan Repayment Advisor, email, web chat, or call them at 1-877-331-3262.
iGrad: How does it work?
- Introduction to Financial Wellness — explore the library of resources.
- Sign up for iGrad to access interactive tools, courses, and more.
- Set up your profile after signing up, and complete a brief assessment to start receiving personalized recommendations.
- Log in to your iGrad account regularly for new content and recommendations that will help you track your progress and achieve your financial goals.