• Financial Aid

  • Office of Financial Aid 

    MS-C1915
    Hamline University 
    1536 Hewitt Avenue
     
    Saint Paul, MN 55104
     
     

    651-523-3000
    800-888-2182
     

    Fax: 651-523-2585 

    finaid@hamline.edu 

  • Student Loan Programs

    To be considered for any Federal Loan, students must complete the Free Application for Federal Student Aid (FAFSA). To be eligible for all federal loans and some alternative loans for students, you must be enrolled at least half-time per term (more information can be found in right-hand column of this page) in a degree-seeking program. You can learn more about applying for the FAFSA on our page about How to Apply for Financial Aid. You are also welcome to download our Student Loan Code of Conduct

    For All Students

    **Please see below as well for additional loans specific to your student type**

    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 Subsidized/Unsubsidized (Stafford) Loan
    All eligible students may apply for the Federal Direct Subsidized/Unsubsidized Loan for up to the amount shown on the financial aid award letter. The Office of Financial Aid determines the portion of the loan that the federal government pays interest on while the student is in school (Subsidized Loan).

    Alternative Loan
    Alternative loans are non-federal loans with you, the student, as the borrower. Alternative loan approval is 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. Typically, federal student loans are less expensive and offer better repayment terms than alternative education loans, so be sure to exhaust your eligibility for federal student loans before considering an alternative education loan.

    Additional Loans For Undergraduate, Post Baccalaureate, and Teaching License Students Only

    Federal Direct Parent PLUS Loan
    Dependent undergraduate students may have a Federal Direct Parent PLUS Loan included in their Hamline award letter. Depending on need, a parent may borrow up to Hamline’s “cost of attendance” minus any other financial aid that is awarded to the student. The Hamline University award letter indicates the maximum amount a parent may borrow for a student’s education during the coming school year.

    United Methodist Scholarships and Loans
    These United Methodist Funds are only available to undergraduate students who are members of the United Methodist Church.

    Additional Loans For Master, Doctorate and Law Students Only

    Federal Direct Graduate PLUS Loan
    Master, Doctorate and Law students may have a Federal Direct Graduate PLUS loan included in their Hamline award letter. If so, those students will be able to apply for the Federal Direct Graduate PLUS loan in addition to the Federal Direct Unsubsidized loan. Borrowers must apply for their annual loan maximum eligibility under the Federal Direct Unsubsidized loan before applying for the Federal Direct Graduate PLUS Loan. Please keep in mind that this is only available to master and doctorate students, licensure students are NOT eligible.

    Additional Loans For Law Students Only

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

    When are Loans Credited to Your Account?

    Student loans will be disbursed in two equal payments. Generally, Hamline will receive half of your loan proceeds at the beginning of the fall semester and the remaining half at the beginning of the spring semester. Your fall and spring loan disbursements will be credited to your account during the first week of the semester or 10 days prior to the first meeting of your earliest class, whichever is later. This assumes all of your applications and required paperwork is completed. If you are borrowing a supplemental education loan from a lender that cannot forward your funds to Hamline via Electronic Funds Transfer (EFT), your loan funds will be mailed via paper check. Once you endorse your paper loan check at the Cashier's Office, the funds will be credited to your student account.

    Refunds of any over payment will be processed no later than 14 days after federal aid is disbursed onto your student account. 

    Tools for Successful Student Loan Repayment

    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.

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  • Enrollment status: Undergraduate, Post Baccalaureate and teaching licensure

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

    Full-time: At least 12 credits per semester.

    State Grant: At least 15 credits per semester for full award.

    Enrollment Status: Master and Doctorate

    Half-time*: At least 4 credits per semester.

    Full-time: At least 8 credits per semester.

    Enrollment Status: Law

    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.

    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.

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