• Loan Programs for Law Students

    General Requirements

    To be considered for any Federal Loan, students must complete the Free Application for Federal Student Aid (FAFSA). For more information, please see our page on How to Apply for Financial Aid.

    To be eligible for all federal loans and some alternative loans for students, you must be enrolled at least half-time per term.

    Student Loan Code of Conduct


    Tools for Successful Student Loan Repayment

    Hamline has compiled a list of excellent resources designed to help you manage and successfully repay your student loan debt. Please view our Tools for Successful Student Loan Repayment.

    Loan Programs Available

    Federal Perkins Loan - Federal Perkins Loans are borrowed directly from Hamline University. The loan is interest free until repayment begins, which is nine months after the student leaves school or drops below half-time status. The fixed annual interest rate is 5.00%.  

    Federal Direct Unsubsidized (Stafford) Loan - All eligible students may apply for the Federal Direct Unsubsidized Loan for up to the amount shown on the financial aid award letter. Law students are not eligible for Federal Direct Subsidized Loans.

    Federal Direct Graduate PLUS Loan - Graduate students may have a Federal Direct Graduate PLUS Loan included in their Hamline University Financial Aid Award Letter. Students will be able to borrow the Federal Direct Graduate PLUS loan in addition to the Federal Direct Stafford Loans. Borrowers must apply for their annual loan maximum eligibility under the Federal Direct Stafford Loan Program before applying for the Federal Direct Graduate PLUS Loan.  NOTE: This is available to graduate degree students, Licensure Students are NOT eligible.  

    Alternative Loan - Alternative loans are non-federal loans with lender approval based on your satisfactory credit history. Some alternative loans require a credit-worthy cosigner or allow you to use a cosigner in order to receive a lower interest rate.

    Alternative loans help bridge the gap between the cost of attendance and the amount of federal loan eligibility. Typically federal student loans are less expensive and offer better terms than alternative education loans, so be sure to exhaust your eligibility for federal student loans before considering an alternative education loan. The interest rate and fees on an alternative loan may vary depending on the student’s and/or cosigner’s credit. The interest rate is typically variable and may change as often as monthly.  

    Bar Study Loan - A variety of lenders offer non-federal loans to cover the expenses associated with taking the bar exam.

  • Learn about the Summer 2012 College Loan Changes (Stafford Loans)
  • Detailed Award and Payment Information

    Half-time*: At least 6 credits per semester. 

    Full-time: At least 12 credits per semester.

    Summer half-time*: At least 3 credits.

    Summer full-time: At least 6 credits.

    *Half-time status is a requirement for all federal and some alternative student loans.

    The Hamline School of Law requires an "Underload Status Request" for all students taking less than 8 credits per semester during the fall and spring.